Rate Update 2008-08-15: Expect Little Change in Mortgage Rates

By:: Bill Rice - MortgageLoan.com

Although today is full of economic reports there is not expected to be any news that is not already priced into the mortgage rate market. The most notable economic indicators being reported today are the Empire State Index, expected to support general manufacturing slow down and the Michigan Consumer Sentiment Index, which is expected to show consumer confidence holding steady.

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National Rates

Loan Type	Today	+/-
30 yr fixed	3.80
15 yr fixed	3.10
5/1 ARM	2.73

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