Mortgage Rate Re-Pricing Alert 4:15 PM ET, June 7, 2010

Lenders may lower mortgage rates from their initial morning pricing as the stock market is sharply lower in late trading and bond prices are sharply higher. These conditions make favorable rate changes possible at the end of the day. The lack of a stock market rebound earlier in the day after last Friday’s big losses was given by analysts as a reason for the sell-off at the end of the day. Also, the US dollar rose to its highest level in over four years today, demonstrating continued worries about European country debt.

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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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