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MBS spreads tighten on strong demand, light supply

After a slow start to the New Year, mortgages were on fire last week. Spreads on 30-year Fannie Mae 4.5s were six basis points tighter; 5s were in nine basis points; 5.5s and 6s were each five basis points tighter; and 6.5s were unchanged. In 15s, spreads were three...

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