Mortgage Rates Fall for Week
- By:
- Bill Rice | Fri, 11/07/2008
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Mortgage rates continue to fall, but rising unemployment and tightening lending standards are forcing borrowers to stay on the sidelines. Markets continue to tumble as investors see just as much uncertainty in the market as pre-election. The continued retraction to safety will probably create another whipsaw effect in the make as investors go back in early next week to take opportunities and bump mortgage rates up again. Little stability is likely in the near future.
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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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