Mortgage Rates Drift Down

By:: Bill Rice - MortgageLoan.com

Mortgage rates improved slightly in after-market trading and in early bond market open. This may signal early reactions to President Obama's press conference and leaked details of Treasury Secretary Geithner's new TARP plan. With a day full of big announcements from Treasury and Federal Reserve (Bernanke testifies on Capitol Hill today), mortgage rates are expect to move after two days of stagnation.

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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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