RATES AND THE OVERALL TRENDS THIS YEAR IN SARASOTA FLORIDA

RATE TRENDS ARE GOING UP TODAY ! CORE MORTGAGE FINANCIAL  JULY 15, 2009

The bond market is currently down 16/32, this usaually pushes rates up today.

Inflation HURTS the value of a bond's future fixed interest payments, in turn investors do not find these as attractive. Usually if bond prices fall, mortgage rates rise.

The average rate today is 5.25% with a loan orgination fee of .70%
I am quoting 5.125% with NO origination fees

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