Mortgage Rate Holding

By:: MortgageLoan.com

Mortgage rates are expected to hold their current levels for the foreseeable future. Federal Chairman Ben Bernanke will make some additional remarks today, but the major impact on the market happened in response to the surprises in the Tuesday FOMC statement. The Fed buying long-term treasuries and more than doubling their positions in MBS is going to hold mortgage rates steady, pending major market shifts.

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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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