Rates

By
Real Estate Mortgage Broker with Premier Home Mortgage Inc

Today rates improved dramatically.  I hope to see them continue on this trend.  The stock market may have closed down 400 points but the 10 year treasury bond was up 75 bps.  The FNMA 5.5% bond gained 62 bps and the GNMA 6% bond gained 43 bps.   This is very good for interest rates.  Todays 30 year fixed conventional rate was 5.75%.  Government loans were at 5.625% for a 30 year fixed rate mortgage.

If your thinking about buying now is a great time.

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