Mortgage Rates Improve

Mortgage rates improved Wednesday morning after bond buyers snapped up securities as a safe alternative to turbulent stocks. There are large losses in the Chinese markets today. Tomorrow, the Labor Department will release weekly unemployment figures. http://www.wisconsinmortgages1.com

Mortgage Rates Improve

Mortgage rates improved Tuesday afternoon. Part of the improvement was Fed Chairman's Bernanke comments that high unemployment may persist till 2012. Buyers and sellers of mortgage backed securities love bad news and hate inflation. Bernanke did indicate the recession may be ending soon. Weak employment and housing sales should keep inflation in check and make long term bonds-like mortgage backed securities- attractive to investors.

On Thursday the National Association Of Realtors reports June numbers.

Mortgage Rates Improve

30 year fixed mortgage rates have improved over the last 24 hours. The 10 year Treasury note has been in a range of 3.25% to 4.32% over the last year and this morning is at 3.46% which is the lower end of the range and the lowest of the week. This bodes well for the future direction of mortgage rates today however this can also change in a matter of minutes. The trend this week for mortgage rates has been lower however no one ever knows what the future will bring. Work with a trusted mortgage advisor and save thousands of dollar's in interest on your largest investment.

Mortgage Rates Improve

Mortgage rates improved Monday and had also improved Friday afternoon as financial news continues to rock the markets. If you were on the fence and unsure about whether to start your home search this may be your opportunity.