Rates Down Friday On Weaker Than Expected Unemployment Report

Bonds were up today on weaker than expected employment figures. Stocks are down and rates should improve today by about .375 to price. The Labor Department said that the unemployment rate rose to 5.1% which was .1% greater than expected. It also showed that 80,000 jobs were lost last month, higher than the 50,000 lost jobs expected on the report.

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30 Year Mortgage Rate Lowest in 6 Weeks

The 30-year fixed mortgage rate continues to decline slightly everyday. Currently, it has reached its lowest level in 6 weeks and is lower than the same time last year.

Mortgage Rates Continue Fall

Mortgage rates continue to fall slightly, but don't expected it to be the long-term trend.

FOMC Minutes

The recently released FOMC Minutes reflect a general consensus that inflation is the primary Fed concern.

Existing Home Sales Up

The National Association of Realtors report that existing home sales climbed in July, exceeding expectations.

Bernanke Speaks Today

A full agenda of challenges greets the Federal Reserve governors at there annual Jackson Hole, Wyoming symposium.

Bernanke:Inflation Uncertain

Bernanke assures market the Fed will "act as necessary."

Mortgage Rates Decline, but...

Mortgage rates continue to show slight declines, but look at it as a temporary trend or if you are a borrower a fleeting opportunity.

Mortgage Rates Stagnate

Mortgage rates continued to hold steady yesterday despite the expected report of steep declines in housing starts.

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National Rates

Loan Type Today
30 Year Fixed   6.06
15 Year Fixed   5.72
5/1 Adjustable   5.78

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