national rates

2

Mortgage Rate National Averages at Lowest Point Since Early October 2009

Anyone who has been watching the mortgage market closely has seen a pretty constant decline in rates this month, following a small jump last month.  Today, the 30 year mortgage rate national average hit 5.09% APR, the lowest it has been since it reached the same level last month on October 5th.
What Does This Mean For You?

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4

No Relief In Sight Yet For Low CD Rates

CD rates this week continue to disappoint with more banks lowering their rates across all CD terms. As a result, weekly CD rate averages went down a few more basis points, with only the 36-month and 48-month CDs, hanging on to last week’s average.

Below is a quick summary of how CD rates fared on the average from July 13-17, 2009 in comparison to last week’s yields:

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