Rate Update

Mortgage Rates are flat this morning. We had big news yesterday with the Existing Home Sales coming in above expectations and at their best level in 2.5 years. Also the index that measures home prices came in with a slight increase today. Both of these are a combination of the First Time Homebuyer Tax Credit and record low interest rates. Remember a 30 year fixed loan this time last year was 6.25%.


I recommend locking today, have a Great Thanksgiving.

National Average Mortgage Rates Today
30 Yr FRM 4.83%

15 Yr FRM 4.32%