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Friday's Mortgage Update! Rates Are Down!

By
Real Estate Agent with Premier Agent Network

See my web site www.myslohomefinder.com for all your San Luis Obispo County home search needs!

 

Rates are down a bit!  Ben Beranke made statements that we would have cheap money until we see unemployment dip to the 6.5% level.  The market liked this news and rates for mortgages dropped slightly on his statements.

 

The Day Ahead: No Economic Data

 

 

 

 

 

Dow is trading at 15,525  -25  the 10 yr bond is at 2.49 from 2.53 Yesterday, . Currently point structure isunchangedfrom Yesterday

 

 

 

Conv. 4.25%

 

FHA. _ 4.125%    

 

 

 

Have a great weekend!  Don't worry! Be happy!
 
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