Mortgage Rate Re-Pricing Alert 12:45 PM ET, June 15, 2010

By:: David Coster - MortgageLoan.com

Mortgage Rate Re-Pricing Alert 12:45 PM ET, June 15, 2010

Lenders may increase mortgage rates from their initial morning pricing as bond prices have declined. Today continues to be extremely volatile in the bond markets. The rise in stocks has taken over as the primary driver of bond prices downward. Mortgage-backed securities which are bonds backed by pools of mortgages have lost their popularity at midday resulting in potential mortgage rate re-pricing. As we know, activity late in the day may move rates again.

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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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