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Mortgage News Daily

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Daily Rate Update: Mortgage Rates Start Out Strong, but Weaken into Afternoon
Posted to: Mortgage Rates Update
Wednesday, November 28, 2012 4:30 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.37 3.38 -0.01%
15 Yr FRM 2.75 2.75 0.00%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.57 3.58 -0.01%
5/1 Yr ARM 3.01 3.00 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 11/28/12 3:43 PM
Nov 28, 2012 3:43PM

Mortgage Rates Start Out Strong, But Weaken Into Afternoon

Mortgage rates began the day near their lowest levels since early October as bond markets stayed in strong territory on leftover Fiscal Cliff concerns from yesterday's session. But a new round of highlights from Congressional leaders sent markets back in the other direction into the afternoon, essentially benefiting stocks and pushing interest rates higher in bond markets. MBS prices fell enough that several lenders released negatively revised rate sheets in the afternoon. MBS are the "mortgage-backed...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.24%
  • |
  • 15 Yr FRM 3.39%
  • |
  • Jumbo 30 Year Fixed 4.09%
MBS Prices:
  • 30YR FNMA 4.5 107-13 (0-00)
  • |
  • 30YR FNMA 5.0 109-32 (0-00)
  • |
  • 30YR FNMA 5.5 111-04 (-0-01)
Recent Housing Data:
  • Mortgage Apps -7.23%
  • |
  • Refinance Index -10.65%
  • |
  • FHFA Home Price Index 0.67%