11/17/09 Mortgage Rate Update
Ryan Ward, Seattle Mortgage Banker, gives an update on mortgage rates for the November 17th 2009.
Rate updates for Conventional, FHA, and VA loans.
Across the board, rates are at the lowest they have been in quite a few months. The fed announced last week that they intend to stop buying mortgage back securities which will ultimately have a negative effect on interest rates. Ryan predicts mortgage rates to rise by the end of the year. If you are thinking of refinancing or purchase its time to act quickly.