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Daily Rate Update: 6/28/2011

Posted to: Mortgage Rates Update
Tuesday, June 28, 2011 6:31 PM

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Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	4.59	4.49	0.10%
15 Yr FRM	3.85	3.78	0.07%
FHA 30 Year	4.29	4.18	0.11%
Jumbo 30 Year	5.01	4.92	0.09%
5/1 Yr ARM	3.24	3.15	0.09%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 6/28/11 6:16 PM

Jun 28, 2011 5:56PM

Mortgage Rates: Volatility Attacks!

Home loan borrowing costs rose about as much as they could today without having it negatively impact CURRENT MARKET Best-Execution Mortgage Rate quotes. That means if you were being quoted a CURRENT MARKET "Best Execution" note rate yesterday, your closing costs rose a bunch today, but you should still be able to close at the same Best Execution note rate. Except if you're watching 15 year BestEx quotes. Those rose to 3.875%. Sounds a little shocking doesn't it? It seems like just last week we were...

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