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Daily Rate Update: Mortgage Rates Rise At Quickest Pace In A Week
Posted to: Mortgage Rates Update
Tuesday, October 16, 2012 5:23 PM

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Average Mortgage Rates
30 Yr FRM 3.42 3.37 0.05%
15 Yr FRM 2.77 2.75 0.02%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.82 3.77 0.05%
5/1 Yr ARM 3.03 3.02 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 10/16/12 12:45 PM
Oct 16, 2012 1:56PM

Mortgage Rates Rise At Quickest Pace In A Week

Mortgage rates continued higher on Tuesday, rising at a faster pace than Monday, and reversing two days of improvements at the end of last week. The change in rates versus yesterday had little to do with any market events during domestic hours. Rather, bond markets simply began the day in weaker territory and trading in the secondary mortgage market sustained those weaker levels throughout the day. While this has kept us relatively insulated from mid-day price changes , the outright weaker levels...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.66%
  • |
  • 15 Yr FRM 2.94%
  • |
  • Jumbo 30 Year Fixed 3.61%
MBS Prices:
  • 30YR FNMA 4.5 108-30 (0-02)
  • |
  • 30YR FNMA 5.0 110-19 (0-02)
  • |
  • 30YR FNMA 5.5 111-26 (-0-04)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%