Mortgage rates are again falling on the 30 year fixed due to the issues developing in Egypt. The Egypt protests have caused a flight to safety and investors are buying Bonds for protection. This have caused rates to fall back from the near 5% levels to around 4.625% (4.703 APR). We hit our mortgage lows back in Octoboer 2010 and they have steadily and slowly climbed back to 5% and hit 5% around January 21, 2011, but that has again reversed and todays rates look much better. These rates are as of closing prices on January 31, 2011.
Sincerely, Jason Schweiger
"My Northwest Lender"