BIG DAY

MBS are down -1/32 (FNMA 30-yr 3.5 at 103.09), close to morning levels. It was a quiet session. Former FBI director Comey’s testimony had little impact on MBS. The Dow is up 10 points. Tomorrow, no economic data will be released. The results from the British election may affect MBS prices tomorrow at the open. Prime Minister May is expected to win. If she does, it also will be important to see how many seats in Parliament her party won.

Freddie Mac reported that average mortgage rates fell in the week through June 8, with 30-yrs hitting 3.89%, from 3.94% the prior week.

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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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