30 year fixed mortgage rates have been bouncing around the last couple days first dipping from 5.125% to 4.875%, back to 5% and now down again below 5%. Why? Mortgage backed securities prices have been on a bit of a roller coaster ride the past week. The crystal clear stabilization of the economy is becoming a bit cloudy and volatility has crept into the secondary mortgage market. Today's 30 year fixed mortgage rate is 4.875%. Today's FHA 30 year fixed rate is 4.75%. With volatility in the market and mortgage rates forecasts predicting higher mortgage rates now may be a good time to lock.
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Wednesday, January 13, 2010
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2 comments:
It means Mortage rates have a heavy empact of security...
Thanks for sharing this info...
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