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February 10th 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 25 basis points today at 104.94 having re-taken resistance offered at the 104.87 after having fallen behind it as a result of last night's monthly coupon rollover.  In reaction to another volatile day in the stock market, MBS bonds were up minimally early in the session prior to gaining steam as stocks turned negative.  The 30 year was at 3.625% today.

Comments (1)

David Alan Baker | Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

Still good interest rates, so buyer, get out there and take advantage.  You'll be kicking yourself if you don't while rates are low.  Right?

Feb 10, 2016 06:32 AM