CLICK ON GRAPH TO SEE FULL IMAGERATE TRENDS ARE GOING UP TODAY ! CORE MORTGAGE FINANCIAL JULY 15, 2009
The bond market is currently down 16/32, this usually pushes rates up today.
Inflation HURTS the value of a bond's future fixed interest payments, in turn investors do not find these as attractive. Usually if bond prices fall, mortgage rates rise.
The average rate today is 5.25% with a loan origination fee of .70%.
I am quoting 5.125% with NO origination
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