www.FixedIncomeColor.com:Rates and Refis
The recent rally in bond prices and declines in mortgage rates has raised renewed concern about an uptick in prepayment speeds this fall and winter. Since the first week of August, primary rates have dropped substantially; the Bankrate.com national average for fixed-rate conforming loans is more than 30 basis points lower from its August 7th highs, and the Freddie Mac survey rate is currently at 5.08%, about 20 basis points off its mid-August peak of 5.29%….(read more)
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