First Missouri National Bank

Interest rates are holding at all time lows
Market Forecast
Friday, July 16, 2010

The week is ending with the 10 year Treasury yield below 3%.The stock market is starting off down 170 points, which should hold home loan rates where they are for now. Rates have a tendency to rise a little each Friday to hedge against what may happen over the weekend around the world. But with the stock market drop this morning, we should see rates hold where they are today as money is flowing into Treasuries. We are still in the most incredible time of home financing that we have ever seen. If your home loan rate is above 5.375% or you would like to cut the number of years down to a 15 year term ... you should be calling us today. A 5 minute conversation could equate to saving you tens of thousands of dollars. 15 year loans are as low as 4% (APR-4.102) and 30 year rates at 4.5% ( APR- 4.55) – Kent Friend

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