MArket Update 8/11/2016

MBS are down -1/32 (FNMA 30-yr 3.0 at 103.26), around 2/32 higher than yesterday at this time. Some favorable repricing took place yesterday.

This morning, weekly Jobless Claims fell to 266K, which was very close to expectations. July Import Prices rose 0.1% from June. The Dow is up 75 points. No more economic data will be released today. The results from the 30-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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