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This email was sent to you by: James \|	Mortgage News Daily
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Daily Rate Update: 7/21/2011

Posted to: Mortgage Rates Update
Thursday, July 21, 2011 4:33 PM

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Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	4.68	4.64	0.04%
15 Yr FRM	3.80	3.77	0.03%
FHA 30 Year	4.38	4.34	0.04%
Jumbo 30 Year	5.04	4.99	0.05%
5/1 Yr ARM	3.27	3.28	-0.01%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 7/21/11 4:11 PM

Jul 21, 2011 4:19PM

Mortgage Rates: Unfavorable Risks

Home loan borrowing costs increased today, basically to the high side of their recent "sideways" range. Lenders continue to price their loans from a defensive posture. These are generally unfavorable conditions for fencesitters. The market's "path of least resistance" is toward higher rates.... CURRENT MARKET *: The "BestExecution" conventional 30-year fixed mortgage rate is 4.625%. Some lenders are offering 4.50%. On FHA/VA 30 year fixed "BestExecution" is 4.375% and in some cases 4.25%. Strong...

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