Mortgage rates are 4.75%…No, wait a minute. They shot back up !
Welcome to January, 2009. It looks to be a rocky ride through Inauguration Day. After that, all bets are off. Here’s the good news, though; mortgage rates, while just over 5% this afternoon (up from 4.75% this morning) are still excellent.
Sean Purcell and I discuss why the lenders are raising rates on Radio Mortgage.
Give this ten minute podcast a listen.
Last 5 posts in Mortgage Rates
- Mortgage Market Update - July 2nd, 2009
- Buyer Interest in Purchase Loans Surges - July 1st, 2009
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- Mortgage Market Update - June 26th, 2009
- Stumble it!
- Categories: Mortgage Rates
Comments
1 Comment so far
lee
I would definitely benefit from a refi, but now my credit scores are crummy. Quite low even though I have a stable career and good loan to value. Any suggestions beside the slow approch to improving credit scores? thanks