Mortgage Rates Likely to Rise

Expect ongoing uncertainty and volatility in mortgage rates today. Investors will be attempting to sort out late Friday G7 statements, British actions to inject capital into major banks, and a Monday rally from major Asian and European markets. These factors are likely to trigger a like rally in US markets drawing money out of bonds and back into equities. Expect an upward trend in mortgage rates if the US market begins to rally.

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Mortgage Rates Will Move

Expect significant mortgage rate movement today with the release of CPI.

Mortgage Rates Drop

Mortgage rates drop again for the second straight week.

TARP Redirect Plunges MBS

US Treasury Secretary Paulson's sharp redirection on the objective of the TARP funds had a dramatic effect on overnight markets and the MBS market.

Veterans Day-Markets Closed

Mortgage rates stay flat on Monday and markets are closed today for Veteran's Day.

Mortgage Rates Fall for Week

Mortgage rates continue to fall, but rising unemployment and tightening lending standards are forcing borrowers to stay on the sidelines.

Mortgage Rates Back Down

30 year fixed rate mortgage is back down to 6 percent.

Mortgage Rate Watch

Yesterday was a good day for mortgage rates as they eased on the eve of Presidential election finality. However, today is likely to be a mortgage market referendum on President-elect Barack Obama.

Choppy Waters for Mortgage Rates

Not a lot of mortgage rate impacting news this week, but Presidential elections always do surprising things to markets.

National Rates

Loan Type Today
30 Year Fixed   5.62
15 Year Fixed   5.47
5/1 Adjustable   5.85

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