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MBS LUNCH: Average Auction. Not Much Reaction in Rates Market - MBS Commentary
Following the average auction (average at best), interest rates moved higher. However shortly thereafter status quo was restored as short covering slowed the sell off which then triggered bargain buying near the session lows (day trading). Now we're pretty much right where we left off ahead of the auction. Read More
Reports from fellow mortgage professionals indicate lenders have passed along better rates this morning. The par 30 year conventional rate mortgage has once again fallen to the 4.75% to 5.00% range for well qualified consumers. To secure a par interest rate you must have a FICO credit score of 740 or higher, a loan to value at 80% or less and pay... Read More
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This information is not an advertisement to extend consumer credit
as defined by Section 226.2 of Regulation Z. This is not an offer to
enter into an agreement regarding interest rates. The rates quoted do
not include discount points, origination points, or loan level risk
based price adjustments. Rates and terms are subject to change without
notice.
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