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Anonymous | 		Mortgage News Daily

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Daily Rate Update: 2/9/2011
Posted to: Mortgage Rates Update
Wednesday, February 09, 2011 7:15 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 5.11 5.14 -0.03%
15 Yr FRM 4.30 4.33 -0.03%
FHA 30 Year 4.96 4.99 -0.03%
Jumbo 30 Year 5.82 5.86 -0.04%
5/1 Yr ARM 3.70 3.72 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates		 Updated: 2/9/11 4:48 PM
Feb 9, 2011 5:54PM

Mortgage Rates: Bleeding Stopped

This is gonna be one of those "GOOD NEWS/BAD NEWS" sorta days. The good news is... The mortgage rate losing streak has come to an end at 5 days. Celebrations are acceptable. Even if it's just a fist pump. Nervous tensions were moderately relieved in the secondary mortgage market today. We've backed away from a ledge. For now. Reprices for the better were reported today! (Repricing for the better = improved borrowing costs) The bad news is.... There was a 5 day losing streak in mortgage rates. Stopping...

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This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments.  Rates and terms are subject to change without notice.


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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.82%
  • |
  • 15 Yr FRM 3.09%
  • |
  • Jumbo 30 Year Fixed 4.12%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (0-02)
  • |
  • 30YR FNMA 5.0 108-10 (0-02)
  • |
  • 30YR FNMA 5.5 109-01 (0-02)
Recent Housing Data:
  • Mortgage Apps -1.98%
  • |
  • Refinance Index -6.23%
  • |
  • Purchase Index 6.74%
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