Daily Mortgage News

There is $350 Billion left to help our banks which is good new to us. This time around they have tighter restrictions on this money which will ensure that the banks are putting the money to good use. Now the banks have to come up with plans and provide monthly reports to the Treasury showing how many NEW loans they have extended to borrowers.

Daily Mortgage Rates

Conventional 30 Yr. Fixed Rate: 5.375%

FHA 30 Yr. Fixed Rate: 5.50%

100% (USDA) 30 Yr. Fixed Rate: 5.50%