Weekly Mortgage Roundup March 5, 2009

Mortgage rates stayed flat from last week to this week based on Freddie Mac's market survey numbers . The benchmark 30 year rate climbed slightly to 5.07& from 5.04% with .7 points. The 15 Year rate stayed constant, while 5/1 and 1 Year ARMs went up by .02% and .01% respectively. Analysts had predicted that rate would rise or fall based on President Obama's revealing of the new national budget and his mortgage bailout policy, but surprisingly rates have essentially remained unchanged. Eve

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