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Market 10-5-2011

Wednesday, October 5, 2011 - Article by: gmain07 - Equity Mortgage Lending - Message

Bond markets were slightly weaker today and Mortgage Rates edged just slightly higher, shifting the balance toward 4.0% as the more prevalent Best-Execution rate, up from 3.875% yesterday.

markets seem poised to move in either direction leading up to and following Friday's Employment Situation Report, and those movements are likely to affect mortgage rates.

Today's Rates:

BESTEXECUTION 30YR FIXED - 4.0% more prevalent, 3.875% still out there
FHA/VA - still at 3.75% !!
15 YEAR FIXED - 3.375%-3.5%
5 YEAR ARMS - low to mid 3% range, variations from lender to lender.

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