Mortgage Rates Back Down

By:: Bill Rice - MortgageLoan.com

Mortgage rates dumped yesterday on 486 point Dow plunge. 30 year fixed rate mortgage is back down to 6 percent. Expect additional downward pressure today.

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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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