Mortgage Rates Monday - June 30, 2008

Mortgage Rate Trends:
short term: mortgage pricing/rates may improve today
long term: steady
Should you LOCK? If you are purchasing a home with a 30 day escrow - YES. Thinking about refinancing? Float, the market may get better. Watch for an email ALERT from me later today if rates/pricing improve.

CONFORMING RATES (up to $417,000)
30 year fixed
5.875% 2 points
6.000% 1 point
6.125% 1/2 point
6.250% -0- points
30 year fixed interest only
6.250% 1 point
6.375% 1/2 point
6.500% -0- points
5/1 ARM
5.500% 1 point
7/1 ARM
5.750% 1 point
20 year fixed
5.875% 1 3/4 points
6.000% 1 point
15 year fixed
5.500% 1 point