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bonds: Mortgage Rates Today - 05/29/08 05:26 PM
Wow... Lots of ups and downs over the last week or two... and unfortunately, most were 'ups'. Rates have gone up about .375% from two weeks ago! Why? Well one reason is the bond yields- I know more people keep talking about Mortgage Backed Securities- I get it... But you can't argue with the fact that the bond yield on the 10 year note has gone from about 3.75 to up over 4.05 today! That's huge! Hopefully rates will back off a bit tomorrow, I did hear that the end of the day forecast for the MBS was better than the
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Jennifer Monastero
Danbury,
CT
More about me
Polaris Funding Group
Cell Phone: (917) 340-9113
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Whatever I think about, I write about. Sometimes, it even makes sense!
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