Mortgage Rates Predictions May 12, 2008

 

Mortgage Rates Predictions  

The Fannie Mae Bond is -0bp on the day @ 100.44.  Mortgage Rates lost some ground as predicted Friday.  There are no important economic reports scheduled for release today.  Currently the Mortgage Bonds are resting on the 50 and 100 day moving averages.  This is a solid layer of support and hopefully will hold up today.  Rates should be FLAT today in expectation of Retail Sales tomorrow.

Conforming No Points & 1%

30 Fixed  6.000% | 5.750%

15 Fixed 5.625% | 5.375%

7/1 Arm 5.500% | 5.125%

5/1 Arm 5.375% | 4.875%

3/1 Arm 5.250% | 4.625%

30 Fixed FHA 6.000%

15 Fixed FHA 6.000%

Jumbo No Points & 1%

30 Fixed N/A | 7.125%

15 Fixed 6.750% | 6.250%

7/1 Arm 6.375% | 5.875%

5/1 Arm 6.250% | 5.625%

3/1 Arm 6.250% | 5.375%

1/1 Arm n/a | 4.750%

 

(This information has been compiled for Real Estate Professionals and is not intended for public distribution as it does not comply with REG Z Truth-In-Lending disclosure requirements.)