Mortgage Rate Re-Pricing Alert 3:10 PM ET, July 8, 2010

By:: David Coster - MortgageLoan.com

Lenders may lower mortgage rates this afternoon from their initial pricing as financial and technology stocks have given up earlier gains. The result has been increased interest in mortgage-backed securities which leads to lower mortgage rates.

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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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