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True or False?

Mortgage Backed Securities is the primary market conventional mortgage rates are based upon?? by from , . Oct 31st 2013 Reply


Dan Conley (OmniFundInc)
#924 ranked lender in California - 120 contributions

This is 100% true

Oct 31st 2013
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Mike Silkworth (msilkw_195_870)
#29 ranked lender in Michigan - 531 contributions

Well stated!! 100% correct!!

Oct 31st 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Correct, mortgage backed securities.

Oct 31st 2013
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Rich Bonn (RichBonn2818411723)
#173 ranked lender in Texas - 50 contributions

Primary conventional mortgage rates are based on mortgage backed securities, but then you have different risk-based pricing additions that are specified by the GSEs (Fannie and Freddie) as well as individual lenders. In addition to these risk-related adjustments is the lender's profit. I hope that this answers your question sufficiently.

Oct 31st 2013
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