Financing

Mortgage Rates

LATE NEWS: 1. The U.S. has not had a single quarter of economic decline in the GDP and newly released figures just out for the 1st quarter of 2008 show an increase in GDP over last year. Is the U.S. economy sluggish and slow? Yes. Is the U.S. currently in a recession? No.

2. Retailers generally reported same-store-sales figures for April that were both better than expected and higher than they have been in months, but the results were skewed by Easter falling in March this year. Numerous firms also boosted their quarterly outlooks, a marked change from three months ago, when a raft of profit warnings accompanied sales data for January, the end of the fiscal fourth quarter for many retailers.

1 YEAR CLOSED	4.90%*	6.95%
2 YEAR CLOSED	5.50%*	7.00%
3 YEAR CLOSED	5.25%*	7.00%
4 YEAR CLOSED	5.40%*	6.85%
5 YEAR CLOSED	5.19%	6.99%
7 YEAR CLOSED	5.29%*	7.35%
10 YEAR CLOSED	6.00%*	7.70%
15 YEAR CLOSED	6.55%*	n/a
18 YEAR CLOSED	6.55%*	n/a
25 YEAR CLOSED	6.65%*	n/a