Mortgage Rates on Rise
- By:
- Bill Rice | Fri, 09/26/2008
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Mortgage rates continue to climb as the market anticipates the final details of the $700 billion bailout. Thursday the markets traded as if the bailout proposal was a done deal. However, the plan got a late night surprise as politics seemed to engage in the process. Republicans and Democrats went into a late night session that end without a resolution.
Expect this new uncertainty to inject more uncertainty trades into the market today. Mortgage rates are like to jump today.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
Browse Mortgage Rates
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