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Harry Chriest |
Mortgage News Daily

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Daily Rate Update: Mortgage Rates Start Flat, Move Higher Into Afternoon
Posted to: Mortgage Rates Update
Thursday, December 06, 2012 4:46 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.35 3.35 0.00%
15 Yr FRM 2.75 2.75 0.00%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.54 3.54 0.00%
5/1 Yr ARM 3.01 3.01 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 12/6/12 2:38 PM
Dec 6, 2012 2:38PM

Mortgage Rates Start Flat, Move Higher Into Afternoon

Mortgage rates were completely flat versus yesterday's offerings to begin the day but several lenders recalled rate sheets for negative revisions as markets deteriorated in the afternoon. MBS Prices (the "mortgage-backed-securities" that most directly influence mortgage rates) were in modestly positive territory for most of the day, but fell abruptly in the afternoon. When MBS prices move lower, it can prompt lenders to adjust rate sheet pricing lower as well, effectively raising interest rates....

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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.20%
  • |
  • 15 Yr FRM 3.33%
  • |
  • Jumbo 30 Year Fixed 4.04%
MBS Prices:
  • 30YR FNMA 4.5 107-28 (-0-00)
  • |
  • 30YR FNMA 5.0 110-09 (0-01)
  • |
  • 30YR FNMA 5.5 110-29 (0-01)
Recent Housing Data:
  • Mortgage Apps 2.43%
  • |
  • Refinance Index 4.14%
  • |
  • FHFA Home Price Index 0.67%