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Ryan Baker’s Mortgage Blog

I haven’t posted current rates in a while so I figured I would do that today. Here are the current estimated rates for conforming loans:

30 Year Fixed: 6.375%
15 Year Fixed: 5.875%
3 Year ARM: 5.5%
5 Year ARM: 5.875%

The Labor Department reported today that U.S. consumer prices jumped a greater-than-expected 0.8% in July, which basically fuels the fire of inflation. Like I’ve said many times before, the Federal Reserve has a major juggling act going on between Inflation and Recession (and a depressed housing market). If they are going to move rates in any direction it is most likely going to be up.

This is a great time for the rich to get richer. Too bad I am a product of the credit card and technology era. I have a lot of cool toys (nice computer, stereo, etc…) and can photoshop your head onto someone else’s body in under a minute, but sadly these things don’t gain interest and build a huge bank account for me. Thanks to the 3 credit cards and student loans I got during college, I am paying interest instead of gaining it. But back to the topic at hand, let’s connect the dots…great home prices and low interest rates….hmmmm, good to buy I would say. I have a feeling many people are waiting for everything to bottom out, but sorry to burst your bubble….the only way to know if it has hit bottom is to wait for things to rise, and by then the bottom has already passed. If I had the money, I would be investing in property in the area like no ones business. You can use Keith’s site to search for them by the way (, it has some AMAZING search tools.

If you have any mortgage related questions, I can be reached at

Written by Keith Byrd - Go to Keith's Website/Profile