Market Update 7/27/2016

MBS are up +1/32 (FNMA 30-yr 3.0 at 103.15), around 1/32 higher than yesterday at this time.

This morning, June Durable Orders fell 4.0% from May, much weaker than the consensus for a decline of just 1.0%. There was little reaction, though, as investors are waiting for today’s Fed announcement. The Dow is up 50 points. Pending Home Sales will be released at 10:00 et. The Fed meeting announcement will be released around 2:00 et. No change in rates is expected, but it could be a market moving event.

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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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