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Mortgage Rates Hold Near Two Month Lows

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Mortgage Rates Hold Near Two Month Lows

Even though price action in the secondary market was choppy and economic reports were better than expected, conventional 30 year par mortgage rates held steady near 5.00% as prices of mortgage backed securities managed to end the week higher. The calendar is busy this week with Friday providing the most noteworthy event...the Employment Situation report. ...

Published Mon, Aug 08 2009 10:13 AM by Victor Burek

Filed under: mbs employment situation

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Mortgage Rates:

30 Yr FRM 3.90%
|
15 Yr FRM 3.26%
|
Jumbo 30 Year Fixed 4.15%

MBS Prices:

30YR FNMA 4.5 106-17 (-0-03)
|
30YR FNMA 5.0 107-32 (-0-01)
|
30YR FNMA 5.5 108-31 (0-01)

Recent Housing Data:

Mortgage Apps -1.01%
|
Refinance Index 0.83%
|
NAHB Builder Confidence 16.00%

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