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.