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.
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