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FED Statement to the rescue

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Mortgage Rates 8/19/2015

MBS jumped sharply after the FED minutes were released; reprices for the better will happen shortly.  We are still capped as you can see the 100 DMA is a formidable foe.  Locking at the end of the day after reprices for the better is not a bad idea.

8 19 15 mortgage rates after FED minutes