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Mortgage News Daily

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Daily Rate Update: Mortgage Rates Moderately Improved on Fiscal Cliff Headlines
Posted to: Mortgage Rates Update
Thursday, December 27, 2012 4:39 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.40 3.41 -0.01%
15 Yr FRM 2.75 2.75 0.00%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.60 3.61 -0.01%
5/1 Yr ARM 3.00 3.01 -0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 12/27/12 1:21 PM
Dec 27, 2012 2:30PM

Mortgage Rates Moderately Improved On Fiscal Cliff Headlines

Mortgage rates moved slightly lower on Thursday after markets received their first Fiscal Cliff update of the week. Earlier this morning, Senate Majority Leader Harry Reid said that over the Fiscal Cliff "looks like where we're headed." Stock prices and bond yields fell steadily following that headline, but ultimately leveled off in the afternoon. Despite improved trading levels in Financial Markets, lenders maintained relatively more conservative pricing strategies, with only moderate improvements...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.89%
  • |
  • 15 Yr FRM 3.11%
  • |
  • Jumbo 30 Year Fixed 3.73%
MBS Prices:
  • 30YR FNMA 4.5 108-18 (-0-03)
  • |
  • 30YR FNMA 5.0 110-27 (-0-02)
  • |
  • 30YR FNMA 5.5 111-29 (-0-01)
Recent Housing Data:
  • Mortgage Apps 4.93%
  • |
  • Refinance Index 0.90%
  • |
  • FHFA Home Price Index 0.67%