Market Update (1/22/2010)

When rates are as low as they are right now, comments like “mortgage interest rates hold steady again this morning” are good. Well, that is exactly what we have once again. Mortgage interest rates refuse to be bothered by good economic news and by the impending end of the Fed’s mortgage backed security purchase program. With few exceptions, we have seen rates right around the 5% range for over a year now. Instead of analyzing why this morning, I am going to just enjoy it and encourage you do the same.