Charlotte Mortgage Rates as of 7/23/08
FHA and Conventional 30 year fixed are around 6.5%. This is what most lenders are quoting out there.
The Mortgage Bond market improved a little today but overall rates are flat. The stock market rally over the past week has hurt mortage bonds quite a bit. I think a lot of bond investors are still waiting to see what the U.S. Gov help for Fannie/Freddie will look like too.
People are cautious out there right now which usually helps bonds... the problem is that people are cautious about anything with the term "mortgage" in it!
Olan Carder
www.charlottemortgageonline.com
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