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Mortgage Rates Update > 5/16/2013

Mortgage Rates had a good day yesterday and mortgage backed securities have improved improved slightly again today to get close to their all-time best levels.  All indications are that current mortgage rates will remain in a narrow trading range leading into next weeks Federal Reserve Minutes.

Today, the best 30 Year Mortgage rates available are in a range near 3.55% APR while the best 15 Year Mortgage rates remained near 2.55% APR.  5/1 ARM rates have been priced as low as 2.125% with a 2.75% APR as of this morning.  Stay tuned to RatesGuide for current mortgage rates and banking deals.

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