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Mortgage Rates – week ending 4/30/10

Correspondent par mortgage rates changed little over the last week ending at 4.76%; representing a 100bp spread over the 10yr treasury.  This is approximately 30 basis points under the Freddie Mac primary market survey rate of 5.06%. 

Of more interest is in the jumbo market.  5.0% 30 year jumbos had been trading 248bps under comparable conforming loans as of 4/23.  That spread has come down to 174bps.  It will be interesting to see where this goes next week.

NB.  For daily pricing on a more diverse set of loan programs please visit Level 1 Loans Index.

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