Housing Bottom? One of the things I watch for regarding a possible housing bottom are daily mortgage rates. Below is list of Today's Mortgage Rates out of Wells Fargo.
Loan Type - Interest Rate - APR - 5/27/09
40-Year Fixed 6.625% 6.827%
30-Year Fixed 5.000% 5.213%
20-Year Fixed 5.000% 5.289%
15-Year Fixed 4.500% 4.862%
5-Year ARM 4.000% 4.039%
Mortgage Rates really went up today! This is the first time in 3-4 weeks where I saw a noticeable tick up in interest rates.
For Previous Mortgage Rates - Click Here
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