Rates Up Despite No Economic News

Rates were up again today despite no new economic news. Rates will increase about .25 to the points. This afternoon we'll get the Fed Beige book report, which will give a sense economic activity regionally throughout the country.

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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.

Housing Starts Today

Expect a brief early trading panic as housing starts are expected to be off on a 10% decline--returning to little or no change for the day.

National Rates

Loan Type Today
30 Year Fixed   6.06
15 Year Fixed   5.70
5/1 Adjustable   5.76

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