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Mortgage Mess Still Mires Housing Recovery
Posted to: Around The Web
Wednesday, February 13, 2013 6:35 AM

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President Obama says he wants more Americans to be able to save money by refinancing their mortgages. The trouble is that mortgage rates are rising. Coupled with severe inventory shortages, this is not the mix needed for a healthy spring housing market.

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Mortgage Rates:
  • 30 Yr FRM 3.68%
  • |
  • 15 Yr FRM 2.84%
  • |
  • Jumbo 30 Year Fixed 3.77%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (-0-06)
  • |
  • 30YR FNMA 5.0 107-29 (-0-04)
  • |
  • 30YR FNMA 5.5 108-15 (-0-03)
Recent Housing Data:
  • NAHB Builder Confidence 4.76%
  • |
  • Mortgage Apps 1.81%
  • |
  • Refinance Index 2.80%
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