Rates Down As Week Begins

Bonds were up today in anticipation of the week's reports. We should see an improvement to mortgage rates by up to .375 to price today. Tomorrow and Friday are the two key days this week. Tomorrow we'll get the ISM manufacturing index, which will show us a key measure of the strength of the manufacturing sector. A decline is expected. Friday brings us probably the most significant report of the week, March Employment Report. This will give us a clue as the the health of the economy and whether or not we are "officially" in a recession at this point.

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Mortgage rates balance on little to no activity, while mortgage applications plunge.

Mortgage Rates Down

Mortgage rates descend, but won't make it easier to get a mortgage.

Mortgage Rates Flat

Expect mortgage rates to remain stagnant.

Mortgage Rates on Rise

Mortgage rates continue to climb as the market anticipates the final details of the $700 billion bailout.

Slight Uptick in Rates

Mortgage rates continue subtle upticks as the Treasury bailout plan gets Congressional scrutiny.

Mortgage Rates Neutral, Looking for Clarity

The Bond market struggled early Monday and then trading thinned as investors look for clarity.

National Rates

Loan Type Today
30 Year Fixed   5.74
15 Year Fixed   5.55
5/1 Adjustable   5.98

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