Mid Day update 7/25/2016

MBS are down -1/32 (FNMA 30-yr 3.0 at 103.14), around 3/32 below morning levels, and at the low for the day. No economic data was released today. Weaker than average results for the 2-yr Treasury auction caused MBS to decline a little this afternoon. The Dow is down 75 points. Tomorrow, New Home Sales and Consumer Confidence will be released at 10:00 et. The results from the 5-yr Treasury auction will come out around 1:00 et. The next Fed meeting will take place on Wednesday.

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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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