A nice start to the new month, February 1st; mortgage rates have fallen to one-year lows. Although the Fed announcement, Thursday 1/31, did not directly affect mortgage rates, the result seemed to show the opposite. The adjustments announced by the Federal Reserve were unexpectedly quite large.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.43% (-0.11%)
• 15-year (FRM) rates at 4.04% (-0.08%)
• FHA 30-year Fixed rates at 4.12% (-0.04%)
• Jumbo 30-year Fixed rates at 4.28% (-0.07%)
• 5/1 ARM rates at 4.25% (-0.03%)
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RBS Citizens
Clifton Park, NY