Mortgage Rates Inching Down
- By:
- Bill Rice | Wed, 12/10/2008
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Mortgage rates continue to improve. Slowly moving downward in anticipation that the US government will force them down to 4.5 percent. Current most lenders are showing 30-year fixed-rate mortgages at 5.5 percent. Expect this steady downward pressure to continue as Treasury yields creep up and reconnect with MBS rates, returning mortgage rates to a more normal market condition.
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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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