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Daily Rate Update: Mortgage Rates Signifcantly Lower as Markets Close Early

Posted to: Mortgage Rates Update
Monday, October 29, 2012 5:40 PM

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Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.41	3.47	-0.06%
15 Yr FRM	2.78	2.83	-0.05%
FHA 30 Year	3.25	3.25	0.00%
Jumbo 30 Year	3.81	3.87	-0.06%
5/1 Yr ARM	2.98	2.99	-0.01%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 10/29/12 12:43 PM

Oct 29, 2012 1:02PM

Mortgage Rates Signifcantly Lower As Markets Close Early

Mortgage rates continued falling this morning despite stronger-than-expected economic data. The trading session was punctuated by an early closure for bond markets owing to Hurricane Sandy and will be completely closed tomorrow. The secondary mortgage market began the day in stronger territory after European and Asian hours combined to gradually bring yields lower overnight. Things didn't move much during the shortened domestic hours and the mortgage-backed-securities (MBS) that most directly influence...

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