GOOD DAY 8/29/2016

MBS are up +8/32 (FNMA 30-yr 3.0 at 103.24), around 6/32 above morning levels, and near the high for the day. Favorable repricing took place. On Friday, investors grew more concerned about a Fed rate hike, but today those fears were reversed, and MBS recovered Friday’s losses. There was little news today to explain the change in sentiment about future Fed policy. The Dow is up 100 points.Tomorrow, Consumer Confidence 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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