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Daily Rate Update: Mortgage Rates Hold Steady In Spite Of Improved Market Conditions

Posted to: Mortgage Rates Update
Wednesday, October 31, 2012 4:18 PM

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Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.43	3.43	0.00%
15 Yr FRM	2.80	2.80	0.00%
FHA 30 Year	3.25	3.25	0.00%
Jumbo 30 Year	3.83	3.83	0.00%
5/1 Yr ARM	3.01	2.99	0.02%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 10/31/12 3:02 PM

Oct 31, 2012 3:03PM

Mortgage Rates Hold Steady In Spite Of Improved Market Conditions

Mortgage rates were all over the board on Wednesday in terms of their movements relative to each other and trading levels in the Secondary Mortgage Market. Some lenders were priced slightly weaker while a few were notably stronger, but none of them so far off from yesterday's rates as to suggest a change in the prevailing conventional best-execution rate of 3.375%. ( Read More:What is A Best-Execution Mortgage Rate? ). Typically, it's the prices of mortgage-backed-securities (MBS) that have the most...

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