Mortgage Rates Look to Improve

By:: MortgageLoan.com

Following a multi-week trend, mortgage rates look on track to improve (lower mortgage rates) to open the week. Reacting to poor corporate earnings and continued concerns over banks performance the equities market opens on a down cycle. This is improving the mortgage-backed securities (bond) markets--jumping 19 bps to open trading, look for an early repricing to lower 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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