Mortgage Rates Head Lower

By:: Bill Rice - MortgageLoan.com

Mortgage rates are again trending lower on a very short trading day. Federal Reserve's announcement of definitive plans to begin heavy purchasing of mortgage-backed securities in January nudges down already low rates.

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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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