Rate Update September 24, 2008

Rates remain unchanged this morning after being pushed slightly higher yesterday afternoon.
What does Warren Buffet have to do with mortgage rates? The greatest investor of all time (in my opinion) gave a huge vote of confidence to the financial system yesterday when it was announced that he had reached a deal with Goldman Sachs to purchase $5 billion in preferred stock.

Current Outlook: near-term locking, long-term floating