Just as we see some analysts predicting the "lowest rates since May", Mortgage rate edge back up this week. Today bond market saw some modest pressure for various, inconsequential reasons. Bonds underlie rates, causing the slight spike we saw today.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.64% (+0.01%)
• 15-year (FRM) rates at 4.13% (+0.01%)
• FHA 30-year Fixed rates at 4.36% (+0.01%)
• Jumbo 30-year Fixed rates at 4.54% (0.00%)
• 5/1 ARM rates at 3.96% (+0.01%)
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RBS Citizens
Clifton Park, NY