Rate Update 2008-08-18: Mortgage Rates Expected to Remain Quite

By:: Bill Rice - MortgageLoan.com

With a light week of economic reports expect a quite week in mortgage rates. Only five economic reports are scheduled for this week. Although they have ominous names like housing starts and jobless claims, they are expected to reveal little that is not already understood and priced into the prevailing mortgage markets and rates. Any movement this week is expected to stem directly from incremental market movements and pressure and any more bombshells that the media may uncover.

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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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