Trumps Rampage GOOD for Interest Rates

MBS are up +5/32 (FNMA 30-yr 3.5 at 103.11), around 3/32 higher than yesterday at this time.

Yesterday, investors grew more optimistic that President Trump would work with Congress to pass pro-growth legislation, and it was negative for MBS. Comments from Trump about NAFTA and a border wall have caused sentiment to reverse today, and MBS have recovered yesterday’s losses. The Dow is down 75 points. New Home Sales will be released at 10:00 et.

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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