January 30th Mortgage Market Wrap-up 5

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

Mortgage backed securities (MBS) closed even today at 104.59 having remained above support offered by the 200 day moving average.  MBS bonds managed to remain steady while stocks staged a minor comeback after some recent hefty losses.  This may bode well for MBS bonds in the short run and help to keep rates low.  The 30 year fixed rate was available at 4.50% once again today.

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