Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Interest rates remain low
Mortgage interest rates for buying a home on the Palos Verdes Peninsula decreased slightly this week. The following are excerpts from the newsletter on interest rates published by HSH Associates :
"A measurable decline in mortgage rates to close March held on this week, but it appears that underlying pressures are kicking mortgage rates back up at least a bit. In the current climate, the fact of the matter is, if the economic news isn't universally dire it will be difficult for interest rates to stay at present levels, let alone decline.
Although Freddie Mac noted that 30-year FRMs did edge higher this week, the increase fell short of our expectations. Given that the yields on the influential 10-year Treasury rebounded pretty smartly off last week's lows (as did secondary market quotes for fixed-rate mortgages), a larger bump in rates should have been seen. However it may be, at least for a short while, that lenders are absorbing some of this increase in order to take advantage of a sudden surge in refinance activity. From one perspective, it's perhaps better to make more loans at a smaller margin than to make fewer at larger, but this sort of phenomena generally doesn't last for long.
 
 
The U.S. economy ... more

__________________________________________________
Are you on The Rain? Grow Your Network!