Current mortgage rates are improving. The economic overreaction to the devastating earthquake and Tsunami that hit Japan is subsiding causing the stock market to improve which causes mortgage rates to increase. The Fed auctioning Treasury notes at 1PM EST caused buyers on mortgage backed securities to drive mortgage rates lower this afternoon. However look for mortgage rates to rise this week as the stock market rebounds.
Mortgage rates are still at historic lows and are favorable for first time home buyers and seasoned home buyers looking to buy real estate as a home and / or investment. San Diego mortgages - San Diego mortgage broker.
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