Mortgage Rates Likely to Rise
- By:
- Bill Rice | Mon, 10/13/2008
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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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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
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