Mortgage rates are blowing back up again after panic in the bond market.
However, rates are still at all-time lows, but the correlation to MBS and the 10-year treasury yield is way off. Being that in 2012, 10-year treasury yield was under 1.3% range, but today the 10-year treasury yield is under .318% range and mortgage rates are hovering in the same range as 2012
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.35% (+0.15%)
• 15-year (FRM) rates at 2.88% (+0.13%)
• FHA 30-year Fixed rates at 3.00% (+0.05%)
• Jumbo 30-year Fixed rates at 3.50% (+0.14%)
• 5/1 ARM rates at 2.95% (+0.11%)
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RBS Citizens
Clifton Park, NY