Mortgage Market Guide - 01/09/09
Mortgage rates are trading in a very narrow range. I've been looking for more breakthroughs on rates but as much as the Fed buys, the sellers sell into. We're not seeing enough improvement on rates even with Fed intervention.
Many lenders, I have to assume, are keeping the rate spreads to themselves rather than passing them on to consumers. Yes, its a cynical view but I'm working with banks directly and need to be cynical of these mismanagement experts and arrogant behemoths.
Best deal right now is the 15 year fixed at around 4.75% with no points platinum. If you can afford that payment, enjoy.
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