Rates are at historic lows

Mortgage Bonds are starting the day higher as Stocks plunge due to increased recession fears and the ongoing problems in Europe .

In economic news, the ISM Service Index rose in August from the previous reading but the better than expected number was shrugged off by Equity investors.

I don't see home loan rates falling much further from current levels due to the fact that lenders are overwhelmed with volume and working with skeleton crews. But there is no denying that rates are at historic lows.

Real Estate Broker, CA Dept of Real Estate License #01370741 & NMLS#2527

Rates and Programs Subject To Change Without Notice