Mortgage rates were down, slightly, today. It was even quite tranquil, as intraday movement wasn't too extreme. And dare I say, mortgage rates even made sense today! You could see that the drop-in mortgage rates matched the stronger trading levels in mortgage bonds. All and all, we're seeing better connection between bond prices and mortgage rates. But we are not out of the woods completely, and should expect disconnects among lenders from time to time.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.42% (-0.02%)
• 15-year (FRM) rates at 3.20% (+0.05%)
• FHA 30-year Fixed rates at 3.50% (0.00%)
• Jumbo 30-year Fixed rates at 4.50% (0.00%)
• 5/1 ARM rates at 4.13% (-0.13%)
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RBS Citizens
Clifton Park, NY