They are sort of flat. 

Today there were rate changes twice at some of the large lenders.  People think rates are still below 6%, but they have been creeping up little by little.  I am thinking  mid to low 6% range and staying there for the rest of the summer.  Still excellent and “lowest rates we have seen in 40 years”!!

Rumors and offers from lenders are pricing and interest rate incentives for certain programs such as purchases, low loan to values and high FICO scores.  Lenders are also offering more than a toaster oven if you lock your interest rate and close within certain windows of time.  The windows seem random and possibly just to get business in when they are slow. So, who knows what will happen.

Things to look at are the rates for 5/1 ARM mortgages.  They seem to be good and widely advertised on the wholesale side.  I am also seeing low rates popping out of the local savings and loans.  So, shop around and do you homework!

Dale Siegel