Amongst mostly flat rates this week, today saw an extreme spike. The rate spike today is a speculation of fears, including Chinese GDP and several European metrics hitting long term lows in the past few months. More economic data output is needed to confirm the concerns expressed by the extreme hike seen today.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.25% (+0.06%)
• 15-year (FRM) rates at 3.95% (+0.05%)
• FHA 30-year Fixed rates at 4.00% (0.00%)
• Jumbo 30-year Fixed rates at 4.17% (+0.06%)
• 5/1 ARM rates at 4.06% (+0.01%)
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RBS Citizens
Clifton Park, NY