So What Is Happening to Mortgage Rates?

Wednesday and Thursday saw our highest 30 year fixed rates of 2009 beating last Wednesday's record high.  It is the third consecutive week where we have set a new high.  We did bounce back at the end of the week thanks in part to a fairly well received 30 year treasury bill auction but we still closed down -25 basis points (rates got higher) from the previous week.

There has been a lot of volatile in the market and the long term trend is still upward although we are enjoying quite a pull back. If you are in the market take advantage and lock in if possible.

Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Bay Are Seminar |

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