Mortgage Rates Dip as New Quarter Begins

October 3, 2009 · Posted in Latest Interest Rates 

As the third quarter ended yesterday, mortgage rates were unchanged as prices of mortgage backed securities held to the recent range. Since MBS rallied on Monday which pushed them to levels not seen for quite some time, they have moved sideways since as market participants await the key Employment Situation report due out on Friday. However, today we do have several economic reports coming out which can have an effect on the flow of investor money.

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