Since June 27th, global bond markets have been on the run. Over the past few days mortgage rates have been holding in a narrow range near their highest levels in roughly 3 months. Lenders have hesitated to make meaningful adjustments to rate sheets despite some stabilityin underlying bond markets. That was all chaged after today's congressional testimony by Fed Chair Yellen.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 4.07% (-0.05%).
• 15 year (FRM) rates at 3.34% (-0.03%).
• FHA 30 year Fixed rates at 3.75% (+0.00%).
• Jumbo 30 year Fixed rates at 4.35% (-0.04%).
• 5/1 ARM rates at 3.20% (-0.02%).
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RBS Citizens
Clifton Park, NY