Mortgage Rate Watch

By:: Bill Rice - MortgageLoan.com

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. Expect trended movement. Early indicators are mortgage rates moving downward.

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National Rates

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

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