Mortgage Rates Continue to Idle

By:: Bill Rice - MortgageLoan.com

Mortgage rates continue to bounce tightly around the 5 percent mark for 30-year fixed-rate mortgages. However, there is some anticipation upward pressure as the markets are curious as to the Federal Reserve's next move. Yesterday's housing sales only gave glimmers of hope to a housing recovery. Meanwhile, economic contagion continues to wreck unemployment numbers as major tech players lay of tens of thousands.

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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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