February 17, 2017  

TGIF 2/17/2017

MBS are up +4/32 (FNMA 30-yr 3.5 at 102.08), around 3/32 below morning levels, and near the low for the day. With little news, MBS moved higher this morning and then drifted lower later in the session. No economic data was released today. The Dow is up 10 points. For the week, MBS fell about 2/32.

Looking ahead, the minutes from the February 1 Fed meeting will come out on Wednesday. These detailed minutes provide additional insight into the debate between Fed officials and have the potential to significantly move markets. Existing Home Sales will be released on Wednesday and New Home Sales will come out on Friday. Mortgage markets will be closed on Monday in observance of Presidents Day.

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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