Market Update 8/18/2016

MBS are down -1/32 (FNMA 30-yr 3.0 at 103.22), around 5/32 higher than yesterday at this time. Some favorable repricing was seen yesterday.

This morning, the Philly Fed regional manufacturing index rose to 2.0, matching the consensus. Weekly Jobless Claims fell to 262K, slightly below the consensus of 265K. The Dow is down 10 points. Leading Indicators will be released at 10:00 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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