Mortgage Rate Re-Pricing Alert 3:30 PM, July 21, 2010

Lenders are repricing for the better this afternoon in response to comments made by Federal Reserve Chairman Ben Bernanke in Congressional testimony. Chairman Bernanke said that we are facing "unusual uncertainty" in our economic outlook. Uncertainty is not a word that traders like and the stock market has responded with a large decline.

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National Rates

Loan Type Today +/-
30 yr fixed 3.72
15 yr fixed 3.03
5/1 ARM 2.75

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