Rates are continuing lower today as mortgage and treasury prices rally. ( Rates not back to previous lows, but at least heading in the right direction). Treasuries are climbing after the Japanese and Russian Finance Ministers expressed confidence in the U.S. dollar and U.S. securities. The economic releases last week were not as positive as the previous week and have helped stop the freefall in the treasury market as well.
Bruce W. Kessler
Mortgage Loan Officer
First Home Mortgage
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