adios
03-10-2004, 02:38 AM
Seems like everyone and I mean everyone is bearish on treasurys and is looking to make a bet on higher interest rates. Heard several talk about the Rydex funds where you can buy into a mutual fund that moves the opposite way of Treasurys. In fact I believe there are two funds one that moves the opposite with no leverage and one that moves the opposite leveraged at 2:1. Personally I've learned to never get in the way of a freight train.
Mortgage Rates Today (http://www.bankrate.com/brm/news/mtg/mtg_blurbs/rates.asp)
Find the best rate for you
Overnight Averages* Today
30 Yr Fixed Mtg 5.13%
15 Yr Fixed Mtg 4.42%
1/1 ARM 2.98%
30 Yr Jumbo 5.36%
30 Yr FHA Mtg 5.71%
5/1 ARM 3.86%
5/1 Jumbo ARM 3.97%
3/1 ARM 3.17%
7/1 ARM 4.37%
10/1 ARM 4.88%
15 Yr Jumbo 4.69%
10 Yr Fixed Mtg 4.29%
20 Yr Fixed Mtg 4.93%
3/1 ARM (Interest Only) 3.53%
5/1 ARM (Interest Only) 4.00%
5/1 Jumbo ARM (Interest Only) 4.03%
I still like the 10 year fixed if you can swing the payments. To me this seems like a small spread over the 10 year Treasury but could be convinced otherwise. I appreciate Sossman's thoughts as well on the 7/1 ARMs.
Mortgage Rates Today (http://www.bankrate.com/brm/news/mtg/mtg_blurbs/rates.asp)
Find the best rate for you
Overnight Averages* Today
30 Yr Fixed Mtg 5.13%
15 Yr Fixed Mtg 4.42%
1/1 ARM 2.98%
30 Yr Jumbo 5.36%
30 Yr FHA Mtg 5.71%
5/1 ARM 3.86%
5/1 Jumbo ARM 3.97%
3/1 ARM 3.17%
7/1 ARM 4.37%
10/1 ARM 4.88%
15 Yr Jumbo 4.69%
10 Yr Fixed Mtg 4.29%
20 Yr Fixed Mtg 4.93%
3/1 ARM (Interest Only) 3.53%
5/1 ARM (Interest Only) 4.00%
5/1 Jumbo ARM (Interest Only) 4.03%
I still like the 10 year fixed if you can swing the payments. To me this seems like a small spread over the 10 year Treasury but could be convinced otherwise. I appreciate Sossman's thoughts as well on the 7/1 ARMs.