Interest Rate Update: Rates improved in the last week (ending June 24, 2011)

Weaker stock prices and stronger concerns over European sovereign debt sent investors to the safe haven of bonds, whose prices benefited. 

The FNMA 4.0% bond we watch ended the week up .84, closing at $101.09. In Freddie Mac's weekly survey, national average rates for conforming mortgages held at levels that are near the lowest for the year.

From my weekly enewsletter INSIDE LENDING, for real estate pros, June 27, 2011