Mortgage rates improved somewhat after last Friday's employment figures. The report indicated a dismal number of new hires for the month of December. Investors sold stocks and bought bonds after the numbers were released. As is usually the case, their actions caused rates to drop. Mortgage applicants can now find 30 yr fixed rate mortgages (loan amounts <$417K) in a range of 5.75% to 6.5% without paying discount points. An applicant's actual rate will depend upon creditworthiness and loan size.
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