Mortgage Rates Rise

By:: Bill Rice - MortgageLoan.com

Mortgage rates have worsened slightly today on bond selling and small mid-day equities rally. Most banks looking for any opportunity to re-price higher. There is still significant credit constriction in the market. President Obama's speech and Fed Chairman Bernanke's second day of testimony is providing little effect on the Main Street mortgage lending environment.

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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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