Mortgage Rates Anticipate Obama Plan

By:: Bill Rice - MortgageLoan.com

Mortgage rates continued to improves yesterday on anticipation of a positive reaction to today's Obama mortgage plan. However, markets are increasingly moving quickly on government bailout news. So, expect today to create rapid moves to the positive or negative based on the details (or, like the Geithner announcement lack thereof).

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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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