Rate Update September 15, 2008

Posted on by Evan in Rate Update

Mortgage rates are lower this morning.

In Friday’s ‘rate update’ I referenced that credit worries regarding Lehman Brothers and Merrill Lynch were mounting.

This morning I awoke to an interview on NPR stating that Lehman Brothers was filing for bankruptcy and Merrill Lynch would be avoiding a similar fait by agreeing to be acquired by Bank of America.

Current Outlook: floating

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