7/19/2017 Market Update

MBS are down -1/32 (FNMA 30-yr 3.5 at 102.29), around 2/32 higher than yesterday at this time.

It has been a quiet morning. June Housing Starts jumped 8% from May to an annual rate of 1.22 million, well above the consensus of 1.16 million, and the May figures were revised higher as well. Despite the strong data, there was little reaction. The Dow is up 10 points. No more economic data will be released today.

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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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