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Mortgage-Bond Yield Spreads Tighten to Least Since October 2012

Yields (USGG10YR) on government-backed mortgage securities narrowed to the least relative to benchmark debt in more than two years, cushioning the blow of a slump in Treasuries for home buyers.

U.S. Mortgage Rates Fall With 30-Year at an 18-Month Low

Mortgage rates in the U.S. declined, keeping borrowing costs at the lowest levels since May 2013.