Mortgage Rates at Bottom?

By:: MortgageLoan.com

Mortgage rates seem ready to stabilize for an extended period of time. The stock market ended the quarter on another down cycle and corporations struggle through another tough quarter. This contributed to some additional improvement in mortgage rates early in the week, but returning to flat yesterday. Current levels of mortgage rates are expected to be the bottom, reinforced by statements from John Kosinan, interim CEO of Freddie Mac.

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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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