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.