Rate Update: Recession Fears Bring Rates Up (2008-03-10)

By:: Paul King - MortgageLoan.com

Bonds were up today on recession fears. Rates should improve at least 25 basis points over Friday afternoon. There was no news released today, January's Goods and Services Trade Balance report will be out tomorrow. The report will give a view of the US trade deficit. Another highlight this week are February Retail Sales data, the results of which will weigh heavily on the market as they will serve to support or discredit the concerns about recession

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

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