Mortgage Rates Flat-Await News

By:: Bill Rice - MortgageLoan.com

Understandably, mortgage rates open flat on anticipation of numerous announcements that will directly impact the direction of markets. News to watch for future mortgage rate movement: Senate economic stimulus package vote, unveiling of the Geithner plan for reformed TARP, and Bernanke testifying before Congress. Early thoughts...band markets will be placed into additional panic over rising Federal debt and punish the MBS markets. This could mean big upward moves on mortgage rates now that 4% mortgage buy-down has been struck from the economic stimulus discussion.

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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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