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.