Loan Type Today Last Week
30 Year Fixed 5.76% 5.57%
15 Year Fixed 5.20% 5.04%
1 Year ARM 5.01% 5.07%
30 Year Fixed Jumbo 6.78% 6.66%
Recovery of the housing segment will not take place till rates have lowered to the consumer marketplace and homes have become affordable relative to purchasing power of the consumer.
A review of the Yahoo finance numbers for the mortgage rates for today as compared to last week suggests that all the numbers are going the wrong way. The banks may be beefing up their balance sheets, but everyone else is coming up worse for the exercise. Stay tuned.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment