Mortgage Rates August 9th

Lot of negative news out there as sales numbers drop but we have seen our share of bad news over this last year, lets hope this one is temporary, as always. Good news rates are down and falling, that should keep things moving, and the summer market is nearing an end.

Rates:
1yr 2.44% (-0.10%)
2yr 2.95% (0.00%)
3yr 3.44% (-0.06%)
4yr 3.79% (-0.10%)
5yr 3.89% (0.00%)
3yr variable closed (Prime – .75%) = 2.00%
5yr variable closed (Prime – .65%) = 2.10%