Mortgage Rate Re-Pricing Alert 1:20 PM ET, August 30, 2010

By:: David Coster - MortgageLoan.com

Mortgage pricing is improving this afternoon as the stock market has continued to move lower while mortgage-backed securities (MBS) have gained. Following President Obama's Rose Garden statement on the economy, the MBS markets continued higher. The president said very little that could be interpreted as new or encouraging relative to our economy.

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National Rates

Loan Type	Today	+/-
30 yr fixed	3.72
15 yr fixed	3.03
5/1 ARM	2.75

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