Mortgage Rate Re-Pricing Alert 2:15 PM ET, June 22, 2010

Lenders may lower mortgage rates from their initial morning pricing after mortgage-backed securities have rallied. A very successful auction of 2 year notes by the US Treasury has demonstrated a continuing appetite for “safer” investments. Mortgage-Backed Securities fall into this category.

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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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