Rates are currently at 4.875 at .75 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .625% points.

For loans between $417,000 and $567,500 they’re at 5.25% at 0 or 5.125 at .875% points.

Above $567,500 to $600k they are at 5.75%

I just think that rates are going to stay steady for the next few months.  Last week the Fed Chairman called for an increase of .25% in the Federal rate.  It was implied that it was an increase in the cost of funds to banks of .25%. It wasn’t.  If the discount rate had in fact been raised it would of implied a recovery.   Recovery happens once people believe it and they get out and buy goods.  The Consumer Confidence Index was down this morning.   The government wants rates to increase.  I just think you’re going to see many small corrections for the next few months.  I could be wrong.  I wish I could say to enjoy the ride.

Rates are currently at 4.875 at .75 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .625% points.

For loans between $417,000 and $567,500 they’re at 5.25% at .375 or 5.125 at .75% points.

Above $567,500 to $600k they are at 5.75%

The big numbers come out at the end of the day tomorrow with the 10 year treasury auction.  It will depend upon how well international buyers feel about buying US treasuries.  I think you will see some purchasing so rates will improve.  I could be wrong.

Rates are currently at 4.875 at 1 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .5% points.

For loans between $417,000 and $567,500 they’re at 5.25% at .375.

Above $567,500 to $600k they are at 5.75%

I don’t think you will see anything significant this week.  If durable good orders come in with high numbers at the end of the week then you will see an up tick, I think this will happen.  Just my opinion and I could be wrong.