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Mortgage Rates 7/8/2015

Stocks are down sharply this am, like yesterday morning.  The difference is Mortgage Backed Securities were up sharply when stocks opened down.  Today they are hovering above resistance.  I’m cautiously floating to start the day as Greece and China could have an interesting effect on our market.   Should they cause the S&P 500 to dip much lower we could see a little rally in bonds.  Overall my bias is still towards locking.

7 8 15 mortgage rates

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