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Daily Rate Update: Mortgage Rates Rise to Multi-Month Highs on Fiscal Cliff Optimism
Posted to: Mortgage Rates Update
Tuesday, December 18, 2012 4:49 PM

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Average Mortgage Rates
30 Yr FRM 3.45 3.40 0.05%
15 Yr FRM 2.78 2.75 0.03%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.66 3.60 0.06%
5/1 Yr ARM 3.02 2.98 0.04%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 12/18/12 3:46 PM
Dec 18, 2012 3:47PM

Mortgage Rates Rise To Multi-Month Highs On Fiscal Cliff Optimism

Mortgage rates moved higher at the quickest pace in weeks on Tuesday as politicians convey an increasing sense of compromise regarding Fiscal Cliff negotiations. The broader move higher in rates had been somewhat gentler until today, beginning with the jobs report on December 7th. From there, the changes in Fed policy convey last Wednesday kept the pressure on, but it wasn't until yesterday and today that a shift in tone on the Fiscal Cliff pushed the 30yr Fixed "Best-Execution" level firmly into...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.64%
  • |
  • 15 Yr FRM 2.93%
  • |
  • Jumbo 30 Year Fixed 3.60%
MBS Prices:
  • 30YR FNMA 4.5 108-32 (0-02)
  • |
  • 30YR FNMA 5.0 110-19 (-0-00)
  • |
  • 30YR FNMA 5.5 111-28 (0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%