Mortgage rates continued to be flat today, with the only blip in movement being seen in the 30 year Jumbo Rate. The most prominent news in the market today is the fact that German Bunds are operating on the high end of their trading range, apparently looking to stage a bounce. Since the European market is closely tied to the US market, this bounce could have a ripple effect across the rest of the financial market. On the positive side, the MBS rolled, which put prices at 7/32 lower coming into the day. Domestic Data is life today, and the Oil and Stocks are having their own rally, but the bond markets haven't paid much attention. Check back tomorrow for the most recent mortgage rates and news.
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• 30 year (FRM) rates at 3.63% (0.00%).
• 15 year (FRM) rates at 2.93% (0.00%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.56% (+0.01%).
• 5/1 ARM rates at 2.96% (0.00%).
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