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Daily Rate Update: Best Day For Mortgage Rates In Over A Week
Posted to: Mortgage Rates Update
Tuesday, October 23, 2012 5:27 PM

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Average Mortgage Rates
30 Yr FRM 3.44 3.48 -0.04%
15 Yr FRM 2.81 2.83 -0.02%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.84 3.88 -0.04%
5/1 Yr ARM 3.00 2.99 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 10/23/12 2:36 PM
Oct 23, 2012 2:39PM

Best Day For Mortgage Rates In Over A Week

It's a testament to the persistence of the recent move higher that mortgage rates experienced their best day in over a week on Tuesday. Reason being: the improvements weren't anything special and not at all out of line with an average " good day for mortgage rates ." It's just that that we've only seen one day of improvement since October 12th and today's gains are slightly better. Best-Execution for 30yr Fixed Conventional Loans remains at 3.375% among most lenders, though adjacent rates are viable...

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Mortgage Rates:
  • 30 Yr FRM 3.63%
  • |
  • 15 Yr FRM 2.92%
  • |
  • Jumbo 30 Year Fixed 3.60%
MBS Prices:
  • 30YR FNMA 4.5 108-30 (0-00)
  • |
  • 30YR FNMA 5.0 110-25 (0-03)
  • |
  • 30YR FNMA 5.5 111-30 (0-04)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%