Rates are now at four-month highs. Mortgage rates have had a bad few days this week; even after the Retail Sales report, that typically helps improve rates. Bonds have also had a rough week - sellers had to drop bond prices this week to urge investors to purchase. This "behavior" will only continue to push mortgage rates higher.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.74% (+0.03%)
• 15-year (FRM) rates at 4.22% (+0.03%)
• FHA 30-year Fixed rates at 4.42% (+0.03%)
• Jumbo 30-year Fixed rates at 4.37% (+0.02%)
• 5/1 ARM rates at 4.02% (+0.02%)
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RBS Citizens
Clifton Park, NY