February 29, 2008 

It was a good day for interest rates.

Treasuries rallied as the stock market continued to plummet, thanks to a weaker than expected GDP.  The economy barely moved and jobless claims rose.  All of this "doom and gloom" gave rise to treasury prices and mortgage interest rates celebrated.

And it was about time for a celebration!  After two weeks of rising rates, it was good to see mortgage rates make up some of the previous losses.

 Twin Cities Mortgage Rates

30 Year Conventional     5.875%

15 Year Conventional     5.250%

30 Year Jumbo                 6.875%

Call me regarding your purchase or refinance today!

Minnesota Mortgage Mom