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Daily Rate Update: Mortgage Rates Snap Back To Recent Lows Following Election
Posted to: Mortgage Rates Update
Wednesday, November 07, 2012 4:41 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.39 3.47 -0.08%
15 Yr FRM 2.75 2.81 -0.06%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.79 3.88 -0.09%
5/1 Yr ARM 2.99 3.00 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 11/7/12 2:26 PM
Nov 7, 2012 2:30PM

Mortgage Rates Snap Back To Recent Lows Following Election

Although this can't be said for every lender, mortgage rates snapped immediately back to recent lows following the election results . The election's effect on rates was in the spotlight over the past 3 days with yesterday's rates rising severely as markets accounted for the possibility that current "interest-rate-friendly"administration could be unseated. As the election results gained clarity overnight, interest rates in broader bond markets were already declining . By the time the Secondary Mortgage...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.99%
  • |
  • 15 Yr FRM 3.16%
  • |
  • Jumbo 30 Year Fixed 3.91%
MBS Prices:
  • 30YR FNMA 4.5 108-11 (0-04)
  • |
  • 30YR FNMA 5.0 110-22 (0-03)
  • |
  • 30YR FNMA 5.5 111-22 (0-02)
Recent Housing Data:
  • New Home Sales 18.03%
  • |
  • Building Permits -5.11%
  • |
  • Housing Starts -12.84%