Current Mortgage and Bond Rates 9/27/2009
Today's Mortgage and Bond Rates
Bond Market Rates Mortgage Rates
30 Year Treasury 4.07% 30 year Fixed 5.31%
10 Year Treasury 3.30% 15 Year Fixed 4.80%
2 Year Treasury 0.96% 1 Year ARM 3.96%
3 Month Treasury 0.09%

Rates are lower the markets seem to have some fear here that the economy may not be in the turnaround mode just yet. Weak housing number still seem to be weighing down the economy and continuing bad employment reports seem to me to indicate that the economy will continue to stagger along. I find it hard to believe that the stock market will hold up with all of the bumps that appear in the road. we may see a change as the quarter ends with some profit taking from some of the gains in the quarter.

This is good news on the mortgage front for now as rates are still low. As long as the fed keeps buying all the mortgage paper we will be in good shape. Of course you can only get a loan if you have perfect credit. So this precludes most people that really need to refinance.

This story has a long way to go.

30 Year Fixed 5.250%
15 Year Fixed 4.750%
1 Year Adjustable 4.750%
FHA 30 year Loan 5.375%
Rates are based on current market rates from competitive companies.
This would assume normal closing costs and normal fees

Mortgage rate advisory

The Fed held rates steady today and indicated that they will hold rats low for some time to come. They also announces that the y will start to slow their purchases of mortgage backed securities. Since they are the only buyers now this may cause an increase in rates as there is little demand for the product now.

This may be the beginning of an upward trend in rates

Current Mortgage Rates
09/20/2009

30 Year Fixed 5.250%
15 Year Fixed 4.750%
1 Year Adjustable 4.750%
FHA 30 year Loan 5.375%
Rates are based on current market rates from competitive companies. This would assume normal closing costs and normal fees

Mortgage rate advisory
Rates appear to be trending in a range between 4.875 and 5.25 for the thirty year fixed. In our view rates will continue to stay in this range for sometime. We believe that the economy is going to continue under stress for sometime to come and that mortgage rates will stay low because of this.
The stock market in our view seems to be way ahead of itself and is expecting a recovery in the economy in the not to distant future. With the unemployment rate at record high levels and little hope for new job growth in the near term i don't see how the economy can rebound.

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