Rate Update 2008-08-22: Bernanke Speaks Today

By:: Bill Rice - MortgageLoan.com

A full agenda of challenges greets the Federal Reserve governors at there annual Jackson Hole, Wyoming symposium. Bernanke's early morning speech is certain to kick off some nervous trading activity. However, with Fannie and Freddie stock prices seeming to stabilize a bit yesterday, oil creeping back up, and anticipation of a housing filled economic calendar next week expect--more mortgage rate hovering.

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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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