[quote=flu]Ummm…

My first reaction is. Oh crap…Look at the 15year fixed.

Rate/apr/points
3.500% 3.622% 0.000%
3.250% 3.628% 1.750%

Now, I’m going…Gee look at the 30year fixed.

Rate/apr/points
4.000% 4.122% 0.000%
3.750% 4.016% 1.750%

http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1

Sigh….[/quote]
That rate is for members only, must be heavily financed by company. Membership is limited to employees of company and of the small LA base.

On Bloomberg today I heard ML analyst stating that Govt is going to but T-bonds til 10yr hits 1.99%! He didn’t think it would bring mortgage rates any lower, but it would mean rates aren’t moving up any time soon. I think Gross is right, the rates aren’t moving up anytime soon until flu’s new IPO gets rolling and he starts hiring thousands of well paid professionals.