Mortgage Rate Re-Pricing Alert 10:45 AM ET, July 2, 2010

By:: David Coster - MortgageLoan.com

Lenders that may have initially increased mortgage rates today, may reverse course. Mortgage-backed securities prices have strengthened, though like yesterday, volatility has been high. This up and down pattern may continue throughout the day. A report on new factory orders, released at 10:00 AM ET showed a much larger drop than anticipated. Mixed data brings mixed results in the market.

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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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