Inflation came back in the news today with words from Fed member Frederic Miskin. He stated that we could see concerns about inflation again with all the government programs. Currently only 10% of the committed 500B in mortgage backed securities have been bought up so far. This program was created to help the housing market and has in small incriments so far.
Rates are still volitle and all over the place. For now we still recommend floating and we'll update you if that changes.
30 Yr: 5.25
20 Yr: 5.25
15 Yr: 5.00
Have a great weekend!
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