TAX REFORM is moving ahead. Rates move UP

MBS are down -4/32 (FNMA 30-yr 3.5 at 103.07), close to morning levels. Reports that the Trump administration and Republican lawmakers have made progress on tax reform lifted stocks and hurt MBS today. Proposed changes in tax policy would be pro-growth overall, which caused investors to raise their outlook for future inflation. No economic data was released today. The Dow is up 200 points. Tomorrow, New Home Sales will be released at 8:30 et.

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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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