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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
	TODAY	YESTERDAY	CHANGE
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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