30 Year Fixed Mortgage Rates hits 4%

With the current stock markets in a frenzy and the complete haze over the future we look for interest rates to hover in the 3.875% to 4.125% over the near future. Jobless claims came in worse then expected this morning moving the Treasuries and the MBS markets to rally higher. The 10 yr. Treasury was pushed down to 1.98 and the MBS Markets are up about .06 to .08 ticks this morning erasing most of the losses from yesterday.

As you all know good news for Mortgage Rates is usually the result of poor news for the economy. One thing we all should be wary of is if the news is really poor and thats when you see a spike in gold pricess and a loss in both stocks and bonds. No faith in the US economy at all by-passes the bond markets as well and gold rallies.

If you have any mortgage questions ay all email me at [email protected]. I cover 46 states and can get any mortgage done right.