Market Update 7/19/2016

MBS are up +3/32 (FNMA 30-yr 3.0 at 103.20), around 2/32 higher than yesterday at this time.

This morning, June Housing Starts rose 5% from May to an annual rate of 1189K, above the consensus of 1170K. The results for May were revised lower, though, and there was little reaction to the data. The Dow is down 20 points. No more economic data will be released today.

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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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