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Posts Tagged Current Mortgage Rates

Daily Rate Update: Mortgage Rates Unchanged to Slightly Higher to Begin Week

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.57 3.56 0.01%
15 Yr FRM 2.90 2.89 0.01%
FHA 30 Year 3.30 3.29 0.01%
Jumbo 30 Year 3.75 3.74 0.01%
5/1 Yr ARM 3.00 3.00 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 3/4/13 2:15 PM
Mar 4, 2013 2:15PM

Mortgage Rates Unchanged To Slightly Higher To Begin Week

Mortgage rates moved slightly higher in most cases on Monday, though some lenders were essentially unchanged from Friday's latest offerings. Despite the moderate weakness, with the exception of Friday, today's rates are in line with February lows, though the range has been narrow. 3.625% continues to be the most prevalent Best-Execution rate with reasonably priced "buy-downs" for those interested in paying more upfront cost in exchange for lower rate. ( What is A Best-Execution Mortgage Rate? ) If...

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Daily Rate Update: Mortgage Rates Aggressively Flat to End the Month

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.58 3.58 0.00%
15 Yr FRM 2.91 2.91 0.00%
FHA 30 Year 3.31 3.31 0.00%
Jumbo 30 Year 3.76 3.77 -0.01%
5/1 Yr ARM 3.01 3.00 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/28/13 4:11 PM
Feb 28, 2013 4:17PM

Mortgage Rates Aggressively Flat To End The Month

Mortgage rates are even more sharply unchanged today than they were yesterday, which at least saw some consensus toward strength in the morning and weakness in the afternoon. In contrast, today's movements in the secondary mortgage market were completely flat (relative to their average range of motion). This left nearly all lenders at liberty to put out one rate sheet in the morning and call it a day. As such, 3.625% best-execution is unchanged, as are the average costs associated with that rate...

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Daily Rate Update: Mortgage Rates Inch to New 7 Month Highs

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.64 3.62 0.02%
15 Yr FRM 2.96 2.94 0.02%
FHA 30 Year 3.36 3.34 0.02%
Jumbo 30 Year 3.83 3.81 0.02%
5/1 Yr ARM 3.04 3.03 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/20/13 4:49 PM
Feb 20, 2013 4:53PM

Mortgage Rates Inch To New 7 Month Highs

Mortgage rates avoided the larger-scale swings that they might have considering the important data on tap today. Instead, they merely began the day just barely into their worst levels in about 7 months (depends on the lender, some are improved, others unchanged) and, for the most part, stayed right there despite a good bit of volatility surrounding today's big new. While many lenders are still at 3.625% in terms of Best-Execution for 30yr Fixed, Conventional Loans, 3.75% is increasingly prevalent...

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Daily Rate Update: Mortgage Rates Unchanged to Slightly Higher Heading into 3-Day Weekend

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.62 3.61 0.01%
15 Yr FRM 2.94 2.93 0.01%
FHA 30 Year 3.33 3.32 0.01%
Jumbo 30 Year 3.80 3.80 0.00%
5/1 Yr ARM 3.02 3.03 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/15/13 1:33 PM
Feb 15, 2013 1:36PM

Mortgage Rates Unchanged To Slightly Higher Heading Into 3-Day Weekend

Mortgage rates moved modestly higher for some lenders today, while others remained closer to unchanged territory. Following Wednesday's swing to 6-month highs, this leaves the average rate sheet somewhere between there and yesterday's. In terms of the actual interest rate, 3.625% remains as the most prevalent "best-execution" rate, with relatively small adjustments in costs vs yesterday. Market movements during US trading hours have been relatively subdued for mortgage-backed-securities, or "MBS...

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Daily Rate Update: Mortgage Rates Sideways to Slightly Higher

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.57 3.57 0.00%
15 Yr FRM 2.90 2.90 0.00%
FHA 30 Year 3.29 3.30 -0.01%
Jumbo 30 Year 3.77 3.76 0.01%
5/1 Yr ARM 3.02 3.01 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/7/13 1:47 PM
Feb 7, 2013 3:42PM

Mortgage Rates Sideways To Slightly Higher

Mortgage rates began the day in decent territory, with most lenders unchanged to slightly lower in cost vs yesterday. Trading in Mortgage-backed-securities, which had already pulled back from their better levels late in the morning, took a sharper turn for the worse in the afternoon, prompting several lenders to recall rate sheets for a negative reprice. While the changes don't impact the prevailing best-execution rate of 3.625%, they do make for slightly higher borrowing costs on average. That said...

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Daily Rate Update: Mortgage Rates Bounce Back to Begin the Week

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.57 3.60 -0.03%
15 Yr FRM 2.90 2.92 -0.02%
FHA 30 Year 3.30 3.32 -0.02%
Jumbo 30 Year 3.77 3.80 -0.03%
5/1 Yr ARM 3.01 3.03 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/4/13 4:10 PM
Feb 4, 2013 4:11PM

Mortgage Rates Bounce Back To Begin The Week

Mortgage rates regained a good amount of lost ground today as most lenders' rate sheets were in line with or better than last week's rates. The overall movement wasn't enough to justify a shift back to 3.5% Best-Execution from the recently more prevalent 3.625%, but it's a step in that direction. The differences in rates would be more noticeable in terms of the closing COSTS or lender credit as opposed to the rates themselves. ( What is A Best-Execution Mortgage Rate? ) Bond markets were fairly calm...

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Daily Rate Update: Mortgage Rates Improve at Slightly Faster Pace

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.46 3.49 -0.03%
15 Yr FRM 2.80 2.81 -0.01%
FHA 30 Year 3.25 3.24 0.01%
Jumbo 30 Year 3.66 3.69 -0.03%
5/1 Yr ARM 2.98 3.00 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/23/13 12:46 PM
Jan 23, 2013 4:00PM

Mortgage Rates Improve At Slightly Faster Pace

Mortgage rates were more unified in their improvements today after beginning the week rather equivocally on Tuesday. Most lenders offered improved interest rates or reduced costs (or increased lender credit) for the same rates available yesterday. Additionally, several large lenders offered bigger-than-average improvements, doing more to affect the average day-over-day change. In fact, 3.375% is edging back into the frame of reference as a Best-Execution rate for 30yr Fixed, Conventional loans, though...

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Daily Rate Update: Mortgage Rates Steady or Lower for Seventh Straight Day

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.42 3.43 -0.01%
15 Yr FRM 2.77 2.78 -0.01%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.62 3.63 -0.01%
5/1 Yr ARM 2.98 2.99 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/15/13 2:33 PM
Jan 15, 2013 3:27PM

Mortgage Rates Steady Or Lower For Seventh Straight Day

Mortgage rates improved slightly on Tuesday, extending their recent streak of improvements to 7 days. Last Thursday was the only one in that series that didn't see clearcut improvements, but on average, lenders' rate offerings were roughly unchanged. So we'll count it! Today's gains were fairly tame with Best-Execution for Conventional 30yr Fixed loans remaining at 3.375% for most lenders and only slightly decreased borrowing costs. ( Read More:What is A Best-Execution Mortgage Rate? ) The calm movements...

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Daily Rate Update: Mortgage Rates Eke Out Minor Improvements After Late-Day Reversal

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.45 3.46 -0.01%
15 Yr FRM 2.80 2.81 -0.01%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.65 3.67 -0.02%
5/1 Yr ARM 2.98 2.98 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/11/13 3:22 PM
Jan 11, 2013 3:25PM

Mortgage Rates Eke Out Minor Improvements After Late-Day Reversal

Mortgage rates were essentially unchanged Today. On average, rates were slightly higher to begin the day, but an afternoon reversal in bond markets was sufficiently strong to prompt many lenders to release positively revised rate sheets. That tipped the scales back toward a slight improvement on the day with Best-Execution for 30yr Fixed, Conventional loans continuing to hold in the 3.375% to 3.5% range. ( Read More:What is A Best-Execution Mortgage Rate? ) With respect to rate sheet offerings from...

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Daily Rate Update: Mortgage Rates Improve on Average, but Not for Every Lender

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
30 Yr FRM 3.48 3.51 -0.03%
15 Yr FRM 2.82 2.85 -0.03%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.68 3.71 -0.03%
5/1 Yr ARM 2.96 2.96 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/8/13 1:56 PM
Jan 8, 2013 1:58PM

Mortgage Rates Improve On Average, But Not For Every Lender

Mortgage rates continued to inch lower on average after rising to the highest levels since September at the end of last week. There were no significant market moving events behind the move, but rather, rates markets are simply consolidating after last week's fast-paced changes. Those changes brought the Best-Execution rate for 30yr Fixed, Conventional loans to 3.5%, and for most lenders, that's where it remains, though the borrowing costs associated with that rate mostly moved lower today. Additionally...

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