Pleasanton's Mortgage Market Update: January 20, 2009

Today marks the inauguration of Barack Obama, America’s 44th president. President-Elect Obama has an arduous task ahead of him as he takes control of a nation that is in the midst of one of the worst economic downturns since the Great Depression.

There are no economic reports due for release today – but that hasn’t meant much lately as Mortgage Bonds have traded in volatile fashion without the spark of economic news…and today is no different.  Prices have already improved significantly from their worst levels earlier today.

Risk favors floating interest rates. My average rate today on a 30yr fixed interest rate to $417.000 L/A is… Please call or email for details.

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