Rates have risen slightly in the past week along with the stock market. You will see the current rate chart from a local lender today. The ten year Treasury is now trading just below 3.5%, up from the 3.2 % range last week which has caused rates to move upward.  It seems that when news about the current economy is positive, rates move upward.  They are still near all time lows as you will see on one of the charts I have attached.  As the economist have said, “don’t let interest rates stand in the way of purchasing a home”.
 
Have a good weekend. Let me know if I can serve or answer any questions.
 

Rates as of 10-16-09
Conventional
30 yr fixed  4.875%     .75 + 0   (740 fico, >$125,000 loan amount)
                5.000%     .25 + 0   (740 fico, >$125,000 loan amount)
                5.125%         1 + 0  (740 fico, >$125,000 loan amount)
 
15 yr fixed       4.500%      0 + 0   (740 fico, >$125,000 loan amount)
 
FHA                5.250%       0+0    (640 fico, >$120,000 loan amount)
 

Ashton Gustafson

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