Friday Rally Leads Mortgage Rates Lower

August 3, 2009 · Posted in Latest Interest Rates 

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Not too often do we see a MBS rally on Friday, but it is happening today. Currently MBS are up .75 basis points which has resulted in most lenders repricing for the better. Fellow mortgage professionals are seeing improvements to price but it appears that lenders are not passing along all the gains. Quite often lenders are more conservative on their rate sheets on Friday hedging against any unknown events taking place over the weekend.

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