We tend to see rates stabilize as the market stabilizes, but like most activity in the market as of late, the market has been hard to gauge one day to the next, even considering new events. Today rates increased once again, yet bond markets showed some improvement. Loan originators favor locking in due to the instability between the bond market and mortgage rates.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.72% (+0.02%)
• 15-year (FRM) rates at 4.20% (+0.02%)
• FHA 30-year Fixed rates at 4.42% (0.00%)
• Jumbo 30-year Fixed rates at 4.52% (0.00%)
• 5/1 ARM rates at 4.01% (+0.01%)
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