WOW

MBS are down -8/32 (FNMA 30-yr 3.5 at 103.19), around 2/32 below morning levels. Investor relief that the storm damage was not even worse and that North Korea did not conduct additional weapon tests hurt safer assets such as MBS this morning. Weaker than average demand for the 3-yr Treasury auction later pushed MBS to their lows. No economic data was released today. The Dow is up 250 points. Tomorrow, JOLTS will be released at 10:00 et. The results from the 10-yr Treasury auction will come out around 1:00 et.

The monthly rollover will take place overnight for FNMA and FHLMC 30-yr securities.

 

#DanFrio

#TheMortgageUpdate

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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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