Mortgage Rate Re-Pricing Alert 4:00 PM ET, July 14, 2010

By:: David Coster - MortgageLoan.com

Lenders may lower mortgage rates this afternoon from their initial pricing as the minutes of the Federal Open Market Committee meeting show a heightened sense of worry regarding an economic slowdown. Mortgage-backed securities prices have rallied in response and this could lead to favorable re-pricing.

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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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