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Mortgage Rates Edge Down to Best Levels in a Week

Last week’s announcement from the Federal Reserve was the last major shake-up for mortgage rates, sending them quickly higher on Wednesday afternoon.  Since then, things have been improving gradually, even if a bit unevenly.  
Mortgage lenders have been hoping for a little more stability, and today they got it.  The bonds that underlie mortgage rates had their most stable day since before the Fed meeting and they also managed to do that while trading at or near the best levels over the same time frame.  The result is the lowest mortgage rates since last Wednesday morning for the average lender….(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed

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