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Today's mortgage market: So far, so good
On days like today, I am happy.  Because my blog yesterday guessed we'd finally get off the lows, and today we have.  More bad economic news - jobless claims back above 400K, and housing data that continues to disappoint.  We still have a ways to go, but the FNMA 6% coupon is now trading at par in secondary, meaning lenders will be charging a point to get that rate.  
I am going to continue to prepare my client list for the final move I expect later this year.  I'm talking about rates under 5.5% or even 5.0% one last time.  I could be wrong, but being right will be worth so much more - to my bottom line and the financial profile of every client I can help.   Have a great day!
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