Fixed-related mortgage rates moved off their record lows of last week as the market became less risk averse on optimism regarding EU's debt crisis, as well as, on better than expected employment news. 

According to Freddie Mac's mortgage rate survey for the week ending October 13, 30-year fixed mortgage rates averaged 4.12% with an average 0.8 point, up 18 basis points over the week. This places the no point rate above 4.30% and reduces the refi incentive for borrowers underlying the 4.0% coupon. 

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