30 Yr FRM 5.00% Up 0.08%
15 Yr FRM 4.43% Up 0.06%
1 Yr ARM 4.54% Down 0.06%
5/1 Yr ARM 4.40% Up 0.02%
Rates are up today as we got positive news from Existing Home sales, they were up to 5.57m. Most importantly inventory shrunk to 7.8 month supply, down from 10.1 in April. Bonds have broken thru important support levels, and this is will increase rates even more.
