Monday, March 26, 2012

Mortgage rates going above 4%

Mortgage rates are going up with 30 year fixed mortgages above 4% at 4.08%. 15 year fixed mortgages are at 3.30% from 3.16%. They have been below 4% since october 2011.  Adjustable rate mortgages are also up to 2.96% from 2.83%.  Rising interest rates tend to decrease prepayment risk so this is good for REITs.
   Silver is rebounding up $.60 today to $32.84 at 4:10 pm monday. it is a good time to enter the silver market. 

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