Good Morning,

We will keep this one short and sweet this week as we are still awaiting the details over the next couple weeks on the Mortgage stimulus plan from the president.

Last nights address led to some confidence in the overall market, which is good for the stock market but ends up with the opposite effect on mortgage rates. With the trend today, we are expecting rates to rise to 5% or just above by this afternoon.

Todays Rates:

30 Year fixed: 4.875%

15 Year fixed: 4.75%

Matt

Matthew Royer Mortgage Planner Homes Mortgage ofc 651 770 0637 cell 612 232 7646 fax 651 766 5201 toll free 888 481 0009 www.MattRoyer.net