Good Morning,

This week brought out some volatility in the interest rates…and after rates took a rise over the past week they are back down this morning.  The main reason this morning is due to news spreading that both England and Germany have announced their belief that the economic recovery will take longer than they initially believed.

This caused a gut reaction in the stock market (which we have seen for years, this is a pretty standard reaction) which leads us back to square one with rates holding consistent with last week.

30 Year fixed: 4.625%

15 Year fixed: 4.375%

Matt