Tuesday introduced the possibility that yields were opting for upward momentum after bottoming out. The case would have been closed on the momentum reversal if we had seen additional weakness yesterday.
Whatever happens in the part of this week should have little consequence now that we have seen that bounce.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 4.03% (-0.02%).
• 15 year (FRM) rates at 3.29% (-0.02%).
• FHA 30 year Fixed rates at 3.75% (+0.00%).
• Jumbo 30 year Fixed rates at 4.31% (-0.02%).
• 5/1 ARM rates at 3.08% (-0.02%).
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RBS Citizens
Clifton Park, NY