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September 23, 2005

Mortgage rates are going up

Mortgage rates have gone up on Thursday and Friday and will be higher on Monday. You can see the 10-year treasury bond yield increased from under 4.18% on Wednesday to about 4.5% at today's closing bell.

Mortgage rates will increase Monday by about .25 percent. Expect 30 year fixed interest rate to be between 5.75 and 5.875% percent and 15 year fixed around 5.50% for conforming loans. Conforming loans are limited at $359,650 for a one unit home.

Jumbo mortgage rates which start at $359,651 are higher than the conforming ones by about .25%.

Posted in Mortgages at September 23, 2005 05:44 PM

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