Mortgage Rates Update
Daily Rate Update: Mortgage Rates Break Cyprus Slide, Move to 2-Week Lows
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.60 3.64 -0.04%
15 Yr FRM 2.93 2.96 -0.03%
FHA 30 Year 3.31 3.35 -0.04%
Jumbo 30 Year 3.70 3.74 -0.04%
5/1 Yr ARM 3.01 3.00 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/27/13 4:13 PM
Mar 27, 2013 4:13PM

Mortgage Rates Break Cyprus Slide, Move to 2-Week Lows

Mortgage rates moved lower today at their fastest pace in more than a week, bringing them in line with their lowest levels since last week's Cyprus-related market movement. Lender pricing strategies continue to be varied and some lenders didn't improve nearly as much as the average. That said, it was enough to clearly tip the scales in favor of 3.625% as a prevailing Best-Execution rate ( what is this? ) for 30yr Fixed loans. 3.75% and 3.5% may be more viable depending on the scenario and the lender...

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Daily Rate Update: Mortgage Rates Increasingly Stuck at Recently Higher Levels
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.64 3.63 0.01%
15 Yr FRM 2.96 2.95 0.01%
FHA 30 Year 3.35 3.34 0.01%
Jumbo 30 Year 3.74 3.73 0.01%
5/1 Yr ARM 3.00 3.00 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/26/13 2:22 PM
Mar 26, 2013 2:22PM

Mortgage Rates Increasingly Stuck at Recently Higher Levels

Mortgage rates moved slightly higher today on average, though a few lenders were unchanged or marginally improved. Some released positively revised rate sheets in the middle of the day as bond markets and MBS (the mortgage-backed-securities that most directly influence rates) improved. Though today's move was slightly weaker, it keeps rates in a consistent range just under their 10-month highs. After having risen to 3.625% in late January, 30yr fixed "best-execution" rates ( what is this? ) have...

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Daily Rate Update: Mortgage Rates Flat to Slightly Lower to Begin Shortened Week
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.63 3.64 -0.01%
15 Yr FRM 2.95 2.95 0.00%
FHA 30 Year 3.34 3.35 -0.01%
Jumbo 30 Year 3.73 3.74 -0.01%
5/1 Yr ARM 3.00 3.02 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/25/13 3:36 PM
Mar 25, 2013 3:38PM

Mortgage Rates Flat To Slightly Lower To Begin Shortened Week

Mortgage rates were, once again, unchanged in many cases today, though some lenders were slightly lower in cost than Friday's latest offerings. Trading levels in MBS (the mortgage-backed-securities that most directly influence rates) started the day off in territory that would have been consistent with higher rates, but improved fairly quickly as bond markets shrugged off news that Cyprus had reached a bailout agreement with the EU. Best-Execution for 30yr Fixed, Conventional loans is 3.625% to 3...

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Daily Rate Update: Mortgage Rates Slightly Higher Despite Market Stability
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.64 3.63 0.01%
15 Yr FRM 2.94 2.93 0.01%
FHA 30 Year 3.35 3.34 0.01%
Jumbo 30 Year 3.74 3.73 0.01%
5/1 Yr ARM 3.00 3.01 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/21/13 3:45 PM
Mar 21, 2013 3:47PM

Mortgage Rates Slightly Higher Despite Market Stability

Mortgage rates moved gently higher today in what was more of an extension of yesterday afternoon's mortgage market weakness than anything to do with today's trading levels. In fact, bond markets were slightly stronger today as economic data was largely overlooked in favor of reacting to Cyprus-related headlines. That said, MBS (the mortgage backed securities that most directly influence mortgage rates) struggled compared to Treasuries. In general, MBS underperform Treasuries in volatile, headline...

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Daily Rate Update: Mortgage Rates Rise Following Following Fed Statement, not Necessarily Because of It
Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.63 3.60 0.03%
15 Yr FRM 2.93 2.91 0.02%
FHA 30 Year 3.34 3.32 0.02%
Jumbo 30 Year 3.73 3.71 0.02%
5/1 Yr ARM 3.01 3.02 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/20/13 4:41 PM
Mar 20, 2013 4:44PM

Mortgage Rates Rise Following Following Fed Statement, Not Necessarily Because Of It

Mortgage rates moved higher today for the first time in nearly two weeks. Although the changes in lenders' rate sheets versus yesterday were largely a factor of late-day market gyrations that followed the afternoon's FOMC Announcement and Press Conference, the weakness in bond markets wasn't directly linked to any of the FOMC Headlines or any particular question/answer from Bernanke's press conference. In the grand scheme of things, the movement was small, but just enough relative to the day's flat...

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