Mortgage Rates Running Down to 5%

By:: Bill Rice - MortgageLoan.com

Mortgage rates open Friday on a hard downward turn--possibly dropping 30-year fixed-rate mortgages below 5 percent. This improvement, on a week full of mortgage rescue plans, could bring mortgage rates under 5 percent for the week. More unease in equities and lots of government assistance coming into the mortgage market to help borrowers, lenders, and servicers increase mortgage finance activities--these new lows may sustain.

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Loan Type	Today	+/-
30 yr fixed	3.80
15 yr fixed	3.10
5/1 ARM	2.73

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