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Daily Rate Update: Mortgage Rates Begin Week Slightly Higher On Average

Posted to: Mortgage Rates Update
Monday, October 15, 2012 5:57 PM

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Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.37	3.35	0.02%
15 Yr FRM	2.75	2.75	0.00%
FHA 30 Year	3.25	3.25	0.00%
Jumbo 30 Year	3.77	3.75	0.02%
5/1 Yr ARM	3.02	3.03	-0.01%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 10/15/12 1:15 PM

Oct 15, 2012 1:15PM

Mortgage Rates Begin Week Slightly Higher On Average

After managing to improve on Thursday and Friday, mortgage rates begin the current week slightly higher. Even so, the changes between Friday and today are minimal in most cases and several lenders are actually unchanged or slightly lower in rate/fee. This leaves the prevailing Best-Execution rate for 30yr fixed, conventional loans at 3.25%. ( Read More:What is A Best-Execution Mortgage Rate? ) Last week saw rather muted activity in financial markets and fairly minimal movements in mortgage rates...

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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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