Bond prices were helped by continued fears about European sovereign debt, disappointing economic data and strong auctions.
The FNMA 4.0% bond we watch ended the week up .13, closing at $100.19.
With mortgage bond prices going up, national average rates for conforming mortgages dropped again last week, reaching new lows for the year, according to Freddie Mac's survey.
From my weekly enewsletter INSIDE LENDING, for real estate pros, May 30, 2011
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