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Mortgage News Daily

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Daily Rate Update: Mortgage Rates Move Higher Following Fed Announcement
Posted to: Mortgage Rates Update
Wednesday, December 12, 2012 5:39 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.39 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 3.59 3.58 0.01%
5/1 Yr ARM 3.00 3.01 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 12/12/12 4:08 PM
Dec 12, 2012 4:09PM

Mortgage Rates Move Higher Following Fed Announcement

Mortgage rates are higher on average after today's monetary policy announcement from the Federal Reserve. Some lenders adjusted rates higher in the afternoon while others remain on their first rate sheet of the day. That has made for a bit of stratification in rate offerings between lenders and depending where one looks, rates might not be much different from yesterday (and in rarer cases are in better territory). Best-Execution remains split between 3.25% and 3.375%. ( Read More:What is A Best-Execution...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.20%
  • |
  • 15 Yr FRM 3.35%
  • |
  • Jumbo 30 Year Fixed 4.06%
MBS Prices:
  • 30YR FNMA 4.5 107-29 (-0-01)
  • |
  • 30YR FNMA 5.0 110-12 (0-02)
  • |
  • 30YR FNMA 5.5 111-12 (0-00)
Recent Housing Data:
  • Mortgage Apps -7.23%
  • |
  • Refinance Index -10.65%
  • |
  • FHFA Home Price Index 0.67%