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Mortgage Rates as of July 31, 2012

Mortgage Rates continued their bounce back from abrupt weakness on Friday. The two days of gains so far this week bring rates back within striking distance of all-time lows ahead of several key events in the coming days. Markets have essentially shifted their focus to these events: the FOMC Announcement tomorrow and perhaps an even more important announcement from Europe’s Central Bank on Thursday, followed by the important Employment Situation Report on Friday. Read more…

 

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