Mortgage Rates Edge Higher

By:: MortgageLoan.com

Mortgage rates are likely to edge upward today. Following yesterday's negative market reaction to auto industry news and more financial sector weakness, futures are indicating an early morning bounce-back. This is likely to worsen mortgage rates for the day. However, the change is probably going to be slight, only affecting homeowners doing serious rate shopping.

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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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