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MORTGAGE RATES

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Mortgage Rates Still on the Rise Ahead of Treasury Auctions

Mortgage rates took a beating last week. Even the most aggressive lenders are now creeping towards 5.00% (for WELL-QUALIFIED borrowers). During the course of the holiday shortened work week, benchmark Treasury note yields rose persistently which lead mortgage backed security prices lower and forced lenders...

Posted to Mortgage Rate Watch (Weblog) by Victor Burek on Mon, Dec 28 2009

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