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Currently down around 12 bps, there are no economic reports coming out today. Yesterday was a decent day in terms of mortgage bonds, as we were in the green practically all day. Bernanke got voted in for a second term as Fed Chairman, and the Fed stated that they intended to keep rates low for [...] Ok, so let’s take a look at this VERY CLOSELY: For a 30 year-4.75%. For a 15 year- 4.5%. When I was locking in a rate this morning for a home purchase closing this month, I stuttered and had a “WOW” look on my face. Rates haven’t been this low in years, and several of [...] |
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