Today rates improved dramatically.  I hope to see them continue on this trend.  The stock market may have closed down 400 points but the 10 year treasury bond was up 75 bps.  The FNMA 5.5% bond gained 62 bps and the GNMA 6% bond gained 43 bps.   This is very good for interest rates.  Todays 30 year fixed conventional rate was 5.75%.  Government loans were at 5.625% for a 30 year fixed rate mortgage.

If your thinking about buying now is a great time.

 
Posted by Russ Allgier on 11/12/2008 10:31 PM   Comments (0)  
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Russ Allgier

Rapid City, SD

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Premier Home Mortgage Inc

Address: 1220 MT Rushmore Rd Ste 2, Rapid City, SD, 57701

Office Phone: (605) 716-7373 x 16

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