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Daily Rate Update: Mortgage Rates Sharply Higher Amid Election Day Jitters
Posted to: Mortgage Rates Update
Tuesday, November 06, 2012 6:47 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.47 3.38 0.09%
15 Yr FRM 2.81 2.75 0.06%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.88 3.78 0.10%
5/1 Yr ARM 3.00 3.00 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 11/6/12 3:59 PM
Nov 6, 2012 4:06PM

Mortgage Rates Sharply Higher Amid Election Day Jitters

Mortgage rates began the day only moderately worse off than yesterday's latest offerings, but rose sharply throughout the day . In the late morning and early afternoon, bond market conditions deteriorated rapidly, resulting in most lenders recalling rate sheets to revise rates and fees higher at least once. Several lenders recalled rate sheets twice as markets trading in the secondary mortgage market continued to struggle. At first glance, it's fair to assume that the volatility is related to today...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.15%
  • |
  • 15 Yr FRM 3.28%
  • |
  • Jumbo 30 Year Fixed 4.02%
MBS Prices:
  • 30YR FNMA 4.5 107-32 (0-02)
  • |
  • 30YR FNMA 5.0 110-09 (0-00)
  • |
  • 30YR FNMA 5.5 111-04 (-0-01)
Recent Housing Data:
  • Mortgage Apps -2.68%
  • |
  • Refinance Index -3.98%
  • |
  • FHFA Home Price Index 0.67%