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

10 :08 AM - September final Consumer Sentiment 91.2 vs the 90 expected. MBS edging lower. Stocks in rally mode.

9:57 AM - Stocks are trading higher soon after the open, Dow +90 points.

9:47 AM - September Chicago PMI 54.2 vs the 52.0 expected.

9:39 AM New Rates have been posted

30-Year Fixed 3.375% (3.457% APR) No Origination Fee  

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  • 30-Year Fixed-Rate Mortgage: The monthly payment on a $200,000 30-year Fixed-Rate Loan at 3.375% and 70% loan-to-value (LTV) is $884.19 with 0 points due at closing. The Annual Percentage Rate (APR) is 3.457%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.

Feel free to call (205-266-5669) or email ( John for a quote based on the terms of your loan.

8:38 AM - The Core PCE rises 1.7% on an annual basis in August, up 0.1%.

8:36 AM - August Core PCE +0.2%, inline, up from 0.1% in July.

8:35 AM - Personal Incomes rose 0.2% in August, inline, Personal Spending 0.2%, inline.

8:15 AM - S&P futures near unchanged after yesterday's rout on the Deutsche Bank concerns.

8:14 AM - A bevy of economic data will be released this morning. Personal Income & Spending, Core PCE (8:30), Chicago PMI (9:45) and Consumer Sentiment (10).

8:12 AM - U.S. dollar index 95.86, +0.38.

8:11 AM - WTI oil $47.62/barrel, -$0.22.

8:10 AM - 10-yr T Note yield 1.54%.

8:01 AM - Despite yesterday's plunge in U.S. Stocks, MBS closed near unchanged as prices can't seem to rise above the current multi-year highs. MBS look to open near unchanged on the last day of the month and quarter.

Yesterday -  Yellen says Fed purchases of stocks, corporate bonds could help in a downturn



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