Monday, May 11, 2009

Mortgage Rates Rising??

The five year bond rate has been rising on the heels of the stock market rise. We have seen the five year bond rate rise from 1.89 to 2.14 over the last four weeks. There have been no changes in the rates to date and the spread is still a healthy 1.75% for the banks. It is something to note that we could be at the bottom of interest rate low for fixed rates.

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