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Mortgage rates held steady near the best levels of the year yesterday as both benchmark Treasury yields and mortgage-backed securities prices moved sideways despite a late day rally in stocks. The economic calendar was a bit busier today. First out was the Weekly Mortgage Bankers Association Applications...
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Although vacations are over in Washington and the summer session has ended on Wall Street, a slow economic calendar combined with a holiday hangover kept trading activity light yesterday. Mortgage rates were mostly unchanged....AGAIN. I don't want to come across as upset about that in anyway. After...