Market Update 6/21/2016

MBS are up +2/32 (FNMA 30-yr 3.0 at 102.26), around 1/32 lower than yesterday at this time.

It has been a quiet morning ahead of testimony from Fed Chair Yellen. The Dow is up 10 points. No economic data will be released today. Yellen will be testifying before Congress at 10:00 et for the first day of semiannual testimony. The results from the 5-yr Treasury auction will come out around 1:00 et.

About The Mortgage Update

I am a resident of St Charles Illinois and have been in the Mortgage Industry for 24 Years. I am also be heard on WYLL 1160 AM Chhristian Radio "The Mortgage Update with Terry & Dan". With relationships with the our Countries biggest lenders, it allows me to help you find the PERFECT Mortgage for your situation. From getting Pre-Approved to purchase your first home to helping you Qualify under wth NEW HARP 2.0 Guidelines (see HARP 2.0 tab).

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