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Check Out These Mortgage Rates WOWSER
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 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. |
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