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Daily Update: Mortgage Rates Hold Steady Amid Market Volatility

Average Mortgage Rates
30 Yr FRM 3.88 3.88 0.00%
15 Yr FRM 3.17 3.16 0.01%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.14 4.14 0.00%
5/1 Yr ARM 3.02 3.04 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 5/9/12 3:12 PM
May 9, 2012 3:13PM

Mortgage Rates Hold Steady Amid Market Volatility

Mortgages rates held steady for the most part today, despite relatively volatile movements in underlying markets. Actually, the bond markets of which mortgage rates are a part, were not nearly as volatile as stock markets, although both sides were keen to react to European headlines more so than today's anticipated event, the 10yr Treasury Auction. The moderate amount of movement left most lenders very close to yesterday's offerings. Best-Execution for 30yr Fixed Conventional Loans remains at 3.875...

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