Mortgage Rates Low and Slow

By:: MortgageLoan.com

Mortgage rates continue to hold a historic lows. The holiday week is significantly slowing mortgage-backed securities trading. Other than some money movement from negative equity market reactions (in very low volume) there is little or no price movement. At 2:00 pm ET the FOMC meeting minutes are released, but there is expected to be little or no surprises or reaction in mortgage rates.

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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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