Mortgage Rates Likely to Rise

By:: Bill Rice - MortgageLoan.com

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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Loan Type	Today	+/-
30 yr fixed	3.80
15 yr fixed	3.10
5/1 ARM	2.73

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