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August 28th Mortgage Market Wrap-up 6

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Mortgage backed securities (MBS) closed flat today at 103.75 having remained below powerful resistance at the 200 day moving average and just 5 basis points above the 100 day moving average.  After crossing over the 200 day moving average recently MBS bonds have remained calm as the equity markets engaged in their extreme volatility.  The 30 year was at 3.75% today.

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