Rates Continue Their Upward Climb

Rates jumped more than .625 in price today over yesterday on continued inflation concerns. All eyes are on tomorrow's February Employment Report. Any unexpected data in either direction could cause rates to swing. Therefore, there is a fair amount of volatility risk tomorrow, although many believe that the market is expecting a weak Employment report. There is a risk that rates may rise further on if the report is not as weak as expected.

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Mortgage Rates Likely to Rise

Expect ongoing uncertainty and volatility in mortgage rates today.

Mortgage Rates Operating in Unprecedented Environment

Mortgage rates are now officially operating in a historically unprecedented environment. This would trigger broad, cautious counsel to lock rates. Although we have seen steady downward pressure on mortgage rates throughout the week yesterday sparked an unusual effect in the bond markets.

Mortgage Rate Tumble

Mortgage rates continue to fall.

Expect Volatile Mortgage Rates

Mortgage rates are expected to be volatile today as market determine how they will react to coordinated worldwide central bank rate cut.

Mortgage Rates Drop on Equity Fears

Mortgage rates continue to drop as fear seizes the equity markets.

Senate Passes Bailout

Senate decisively passes the $700 billion financial market stability legislation.

Mortgage Applications Plunge

Mortgage rates balance on little to no activity, while mortgage applications plunge.

Mortgage Rates Down

Mortgage rates descend, but won't make it easier to get a mortgage.

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National Rates

Loan Type Today
30 Year Fixed   5.90
15 Year Fixed   5.65
5/1 Adjustable   6.01

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