Market Update 8/17/2016

MBS are up +1/32 (FNMA 30-yr 3.0 at 103.17), around 2/32 lower than yesterday at this time.  Unfavorable repricing was seen yesterday.

It has been a quiet morning. The Dow is down 50 points. The minutes from the July 24 Fed meeting will come out at 2:00 et. These detailed minutes provide additional insight into the debate between Fed officials and have the potential to significantly move markets.

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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