Market Update 8/31/2016

MBS are up +1/32 (FNMA 30-yr 3.0 at 103.23), around 1/32 lower than yesterday at this time.

This morning, the ADP estimate for private sector job gains in August was 177K, which was very close to expectations. The Chicago PMI regional manufacturing index declined to 51.5, well below the consensus of of 55.0, and the lowest level since May 2015. The Dow is down 25 points. Pending Home Sales 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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