MBS- FNMA 4.5 price: 99-18

10-yr Treasury Yield: 3.82%

Considering the big changes in the usual indicators for mortgage rates that would generally portend a big spike in rates, it appears the change we’re seeing, at least for conforming 30 yr fixed rates, has brought rates up a little bit but not outrageously.  I mean, I remember in 1999 when conforming rates were in the 8% range.  So, seeing rates in the low 5′s is definitely still excellent. 

Here is an article I found interesting this morning in MarketWatch.com:

Beyond the mortgage payment.  Before buying your first home, brace yourself for these extra costs.  Link to article…