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Market News 

       The dollar climbed to a five-week peak against the euro and a seven-week high versus a major currency basket on Thursday as data indicated a generally stable economy, suggesting the Federal Reserve's monetary easing could slow.

Investors focused on the positive aspects of the U.S. spending and core inflation data as well as a key manufacturing survey for April and shrugged off higher-than-expected U.S. initial jobless claims.

Locally we are seeing a reduction in the number of new, and or unsold homes, which suggests this markets demand will begin to increase. 
 
Today's Rates
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Product              Rate              APR
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3/1ARM                          *5.250%               *5.328%
 
5/1 ARM                         *5.375%               *5.460%
 
15 Yr. Fix.                       *5.375%              *5.460%
 
30 Yr. Fix.                       *5.750%              *5.828%
 
*Rate is based on 20% down payment
*APR is based on $250,000 loan amount