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Current mortgage rate trends May 2, 2011 mortgages san diego

By
Mortgage and Lending with Fairway Independent Mortgage Corporation Nevin NMLS #69651

Current mortgage rate trends remained flat today.  With all of the news regarding Osama Bin Laden the markets were mixed.  Initially there was jubilation about destroying Al Qaeda followed by concerns of retaliation.  All in all not much happened in the way of mortgage rates.

mortgage rate trends

With the economy showing signs of improving, now is a great time to take advantage of low mortgage rates and low housing prices.  It won't be long when 6% or 7% is average and houses cost 15% more than they do now.  Many will kick themselves for not taking advantage right now.

 

Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

I really thought we would see a little more flight to quality in the bond markets this morning with the uncertainty surrounding a possible response.

May 02, 2011 05:33 PM
Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Doug - The market is so uncertain right now.

May 03, 2011 06:52 AM