9:48 AM New Rates have been posted

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15-Year Fixed 2.750%   (2.892% APR) No Origination Fee

7-1 ARM 30 year 3.000% (3.341% APR) Conforming and Jumbo

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Below is the news when it happened and market reaction. All times are Eastern Standard Time

 9:32 AM - Stocks open slightly lower.

9:06 AM - MBS continue to edge lower. We'll see if the Fed can stop the slide later this morning when it begins its purchases.

8:49 AM - The New York Fed will be purchasing up to $2.675B in 30-yr Fannie/Freddie 3s and 3.5s later this morning.

8:38 AM - Paychex reports small business hiring in July fell 0.12% from June. June was the highpoint for 2016.

8:37 AM - CoreLogic says from May to June, prices rose 1.1%.

 8:35 AM - CoreLogic reports home prices, including distressed sales, rose 5.7% from June 2015 to June 2016.

 8:33 AM - June Core PCE 0.1% vs 0.2%, year-over-year 1.6%, unchanged and inline.

 8:32 AM - The flurry of economic data shows Personal Incomes in June rose by 0.2% vs the 0.3% expected, Personal Spending 0.4% vs 0.3%.

 8:28 AM - The 3% 30-yr Fannie Mae falls just below support at the 25-day Moving Average.

 8:25 AM - The U.S. dollar index -0.44 to 95.25.

8:24 AM - WTI oil +$0.53 at $40.59/barrel. The national average price for a regular gallon of gasoline is at $2.13.

8:16 AM - Personal Income & Spending along with the Fed's favorite inflation gauge, Core PCE, will be released at 8:30.

8:15 AM - U.S. Stock futures lower as investors weighed Japan's latest stimulus measures and after a continued downturn in European equities.

 8:14 AM - Mortgage Bond prices edge lower but the big losses can be seen in the Treasury space as the 10-yr yield rises to 1.55% from yesterday's close of 1.49% after a weak auction for Japanese government Bonds.


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