Wisconsin Home Lending - Mortgage Rate Information

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Comeback day for rates

Good morning.  I hope everyone had a great weekend.  Here is a quick update on mortgage rates today.  The Fed gave Fannie and Freddie access to the emergency discount window, and mortgage bonds are suddenly a hot commodity again.  Thus, rate are better today than when we left work Friday.  Par rates are at or near:  

  • 30 year Fixed - 6.00%
  • 15 year Fixed - 5.50%
  • 5 year ARM - 5.50%

Please stay tuned for future updates.  We've gotten back over half of what we lost on Friday's major move downward.  I'm going to keep floating, as cooler heads are prevailing.

3 comments • Jeffrey Stoub • July 14 2008 10:30AM

Comments

Great news, thanks for the rate updat!

Posted by Donna Harris, REALTOR® & ASP - Hill Country Austin Lakeway Homes (RE/MAX Austin Skyline) about 1 year ago

Thanks for the update.  I was wondering what affect the bailout would have on rates. 

Posted by Sara Bonert {Real Estate Internet Marketing} (Zillow) about 1 year ago

Thanks Jeff - I'm floating too, but with an itchy finger on the trigger. It doesn't take long for things to move sharply in either direction these days...

Posted by January Financial about 1 year ago

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