Choppy Waters for Mortgage Rates

By:: Bill Rice - MortgageLoan.com

Not a lot of mortgage rate impacting news this week, but Presidential elections always do surprising things to markets. Expect continued choppy mortgage rates ahead. The MBS market and treasuries are likely to continue to get the back-end of the equity market whipsaw activity. Continued US government intervention and mega-bank roll out of loan modification programs are certain to moderate mortgage rate movements.

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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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