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June 26th 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 up 22 basis points today at 102.78 having smashed through resistance offer by the 102.53 level and headed toward the most recent high close achieve on May 28.  MBS bonds benefited once again today from some poor economic news.  They managed to advance despite a "D" rating on today's Treasury auction.  The 30 year fixed was available at 4.25% today.

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