Rates Down On Weekly Unemployment Report

Bonds were up today after the weekly unemployment report showed weaker than expected data. Expect rates to improve by a quarter to the points. The focus now is on tomorrow's Employment report from the Labor Department. This report will give us a strong sense of how the economy is doing. If we see weaker than expected figures expect rates to improve. If we see better than expected figures, rates could climb.

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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.

Auto Bailout Fails, Mortgage Rates Lower

The auto bailout fell apart in the Senate yesterday, as Senate Majority Leader Harry Reid (D-NV) pulled the plug on the legislation.

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National Rates

Loan Type Today
30 Year Fixed   4.86
15 Year Fixed   4.78
5/1 Adjustable   5.45

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