Bonds Up on Stock Market Losses, Weak Consumer Sentiment

The bond market opened up today on stock market losses and weak economic data. However mortgage rates should increase today slightly due to weakness in bonds yesterday. Expect .125 to price increase. University of Michigan's Index of Consumer sentiment was well below forecasted which is good news for mortgage rates.

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Mortgage Rate Continue Down

Mortgage rates are trending down this morning. Showing the early effects of Federal Reserve MBS $500 billion buying program, that kicked off yesterday.

Mortgage Rates-Headed for 4.5 percent?

Mortgage rates remain a historic lows. 30-year fixed-rate mortgages continued to hold a steady baseline around 5 percent through the lightly traded holiday season.

Mortgage Rates Head Lower

Mortgage rates are again trending lower on a very short trading day.

Mortgage Rates Stay Low Through Holiday

Mortgage rates stay low, but volatile with an upward trend.

Mortgage Rates Continue to Improve

Mortgage rates are still improving from the confidence boost issued by Fed Chairman Bernanke last Tuesday.

Mortgage Rates at 37 Year Low

Mortgage rates have dropped to the lowest rates since 1971. The 30-year mortgage is now reported by Freddie Mac at 5.19 percent.

Fed Slashes Rate to 0.25-0%

Today the Federal Reserve slashed it's key rate to a floating rate between 0.25% and 0%.

Mortgage Rates Flat

Mortgage rates remain flat today. Market anticipates Federal Reserve benchmark rate announcement tomorrow.

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National Rates

Loan Type Today
30 Year Fixed   4.79
15 Year Fixed   4.67
5/1 Adjustable   5.41

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