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Daily Rate Update: Mortgage Rates Lowest in Three Weeks Ahead of Election
Posted to: Mortgage Rates Update
Monday, November 5, 2012 5:49 PM

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Average Mortgage Rates
30 Yr FRM 3.38 3.45 -0.07%
15 Yr FRM 2.75 2.81 -0.06%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.78 3.85 -0.07%
5/1 Yr ARM 3.00 2.99 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 11/5/12 1:01 PM
Nov 5, 2012 2:03PM

Mortgage Rates Lowest In Three Weeks Ahead Of Election

While some of the improvement came in the form of late day reprices on Friday, mortgage rates are appreciably lower to begin the week. Movement varied this morning with some lenders holding fairly steady while others improved at much quicker paces. Regardless of the stratification, the net effect is a Conventional 30yr Fixed Best-Execution rate that is firmly at 3.375%. The closing costs associated with 3.375% are the lowest they've been since mid October for most lenders. ( Read More:What is A Best...

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Mortgage Rates:
  • 30 Yr FRM 3.67%
  • |
  • 15 Yr FRM 2.95%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 108-28 (0-00)
  • |
  • 30YR FNMA 5.0 110-17 (-0-04)
  • |
  • 30YR FNMA 5.5 111-30 (0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%