Despite the fact that Treasury yields moved somewhat higher during the course of trading hours, today was another good day for bond markets.
With the 2-month rally and 2-week corrections having run their course, it leaves us waiting for the next move to show its face. Market participants assumed that the Yellen speech this afternoon could have served as the motivation, but bonds weren't too affeted.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 3.95% (-0.02%).
• 15 year (FRM) rates at 3.24% (-0.03%).
• FHA 30 year Fixed rates at 3.60% (+0.00%).
• Jumbo 30 year Fixed rates at 4.18% (-0.02%).
• 5/1 ARM rates at 3.20% (-0.01%).
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