Mortgage Rate Re-Pricing Alert 1:00 PM ET, July 6, 2010

By:: David Coster - MortgageLoan.com

Lenders may lower mortgage rates from their initial morning pricing as concerns about economic growth across the world have made mortgage-backed securities (MBS) popular in trading today. A downgrade of retail stocks by Citigroup has led the stock market to give up much of its earlier gains.

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Loan Type	Today	+/-
30 yr fixed	3.72
15 yr fixed	3.03
5/1 ARM	2.75

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