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Daily Rate Update: Mortgage Rates Pressured Higher After Fiscal Cliff Deal
Posted to: Mortgage Rates Update
Wednesday, January 2, 2013 4:52 PM

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Average Mortgage Rates
30 Yr FRM 3.43 3.41 0.02%
15 Yr FRM 2.78 2.76 0.02%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.63 3.61 0.02%
5/1 Yr ARM 2.96 2.98 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/2/13 1:13 PM
Jan 2, 2013 2:48PM

Mortgage Rates Pressured Higher After Fiscal Cliff Deal

Mortgage rates moved to their highest levels since December 19th this morning after Congress passed a last-minute bill softening the blow of the Fiscal Cliff. The legislation has been and may continue to be characterized as some sort of "deal" that averts the impending Cliff. While that's true in the short term, the most obvious "yeah but" is the fact that spending cuts were merely delayed. Markets reacted as-expected to the presence of a "deal" (in the sense that "something" was better than "nothing...

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Mortgage Rates:
  • 30 Yr FRM 3.67%
  • |
  • 15 Yr FRM 2.95%
  • |
  • Jumbo 30 Year Fixed 3.62%
MBS Prices:
  • 30YR FNMA 4.5 108-28 (0-00)
  • |
  • 30YR FNMA 5.0 110-17 (-0-04)
  • |
  • 30YR FNMA 5.5 111-30 (0-02)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%