Crazy Leader of NOKO is helping push mortgage rates lower

MBS are up +5/32 (FNMA 30-yr 3.5 at 103.20), around 9/32 higher than yesterday at this time.

North Korea launched a missile which flew over Japan, causing investors to shift to safer assets this morning, including MBS. The Dow is down 50 points. Consumer Confidence will be released at 10:00 et. The results from the 7-yr Treasury auction will come out around 1:00 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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