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Daily Update: Mortgage Rates Hold Steady Amid Market Volatility

Posted by Glenn Setzer in Mortgage Information, Real Estate Investment on May 9, 2012

Average Mortgage Rates
 TODAYYESTERDAYCHANGE
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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© 2012 Brown House Media, Inc. All rights reserved.
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This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments.  Rates and terms are subject to change without notice.

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