According to Barron’s Market Center, both the 15 year fixed mortgage rate and the 30 year fixed are at 52 week low, 4.29% and 4.99% respectively. The 5 year adjustable is also at a 52 week low, at 3.79%. Low rates like these will encourage new home buyers, even if there is no more $8,000 tax break.

We are also pleased to see the Senate finally approve the Financial Regulation, which was passed in December by the Democratic congressional leaders. The major segments looked at were, Shareholder Protections, Proprietary Trading, Derivatives, Consumer Protection, Financial Regulation, Too Big to Fail and an Investor Protection provisions. A lot more work is required, but both parties have provided their thoughts, and by working together should make consumers feel much better about large financial institutions and Wall Street.

Tags: Barrons Market Center, Democratic Congressional Leaders, Financial Regulation, Mortgage Rates

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