The Bond market is an underlying factor to Mortgage rates and when we see gains in bonds it typically means that we can expect to see mortgage rates fall (lowering your interest rate). Today was not such a case; despite the slight improvement to bonds yesterday and today, mortgage rates increased slightly. Loan originators are recommending locking loans closing within 30-days.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.36% (+0.01%)
• 15-year (FRM) rates at 4.06% (+0.01%)
• FHA 30-year Fixed rates at 4.02% (+0.02%)
• Jumbo 30-year Fixed rates at 4.27% (+0.02%)
• 5/1 ARM rates at 4.12% (+0.02%)
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RBS Citizens
Clifton Park, NY