Mortgage Rate Re-Pricing Alert 10:30 AM ET, June 17, 2010

By:: David Coster - MortgageLoan.com

Lenders may lower mortgage rates from their initial morning pricing as bond prices have rallied. After CPI data and Jobless claims data caused initial pricing to be improved, the Philadelphia Fed Index came in very poor and has moved mortgage-backed securities (MBS) even higher. The higher MBS prices, the lower the rate on mortgages. Continued volatility may move markets again today.

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Loan Type	Today	+/-
30 yr fixed	3.72
15 yr fixed	3.03
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