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January 27th Mortgage Market Wrap-up 7

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

Mortgage backed securities (MBS) closed up 9 basis points today at 104.34 having inched ever closer the resistance above offered by the 104.40 level.  In a day when the Fed kept interest rates the sames and had some pretty dovish comments about inflation and sighted slow economic growth and indicated that the rate path would depend on economic progress.  The 30 year remained at 3.75% today.

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