Mortgage Rates Down

By:: Bill Rice - MortgageLoan.com

Mortgage rates open the day lower. The market seems to be pricing in a positive reaction to another mortgage aid plan, to be announced by President Obama on Wednesday. Using Treasury Secretary Geithner as a historical example--this positive movement could whipsaw if the plan is unimpressive.

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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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