Mortgage rates are holding steady today, and slightly lower in some cases. That is not entirely logical at first glance because the bonds that dictate mortgage rates proposed the opposite. Bonds did improve by the end of the day yesterday. However, lenders did not account for that enhancement by shifting rates yesterday. Instead, adjustments were made with this morning's rate sheets. Bonds stronger this morning and today's dimness arrived after most lenders already had rate sheets out for the day.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 3.93% (-0.01%).
• 15 year (FRM) rates at 3.21% (-0.01%).
• FHA 30 year Fixed rates at 3.50% (+0.00%).
• Jumbo 30 year Fixed rates at 4.20% (-0.01%).
• 5/1 ARM rates at 3.21% (-0.01%).
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RBS Citizens
Clifton Park, NY