Since mid-April, rates have been treding higher, every da of gains has the potential to become the turning point in the trend. There is more improvement needed to conclude the negative trend is over.
Ideally, we'd need to see another day of strength tomorrow in order to confirm we're making a run at defeating the prevailing uptrend, but any move to or through 2.34-2.35% would be a strong start.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 4.11% (+0.02%).
• 15 year (FRM) rates at 3.36% (+0.02%).
• FHA 30 year Fixed rates at 3.85% (+0.00%).
• Jumbo 30 year Fixed rates at 4.37% (+0.01%).
• 5/1 ARM rates at 3.10% (+0.01%).
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RBS Citizens
Clifton Park, NY