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Daily Rate Update: Mortgage Rates Soar to Multi-Month Highs Following Fed Minutes

Posted to: Mortgage Rates Update
Thursday, January 03, 2013 5:40 PM

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Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.49	3.43	0.06%
15 Yr FRM	2.84	2.78	0.06%
FHA 30 Year	3.25	3.25	0.00%
Jumbo 30 Year	3.69	3.63	0.06%
5/1 Yr ARM	2.98	2.96	0.02%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 1/3/13 5:05 PM

Jan 3, 2013 5:05PM

Mortgage Rates Soar To Multi-Month Highs Following Fed Minutes

Mortgage rates soared to their highest levels in months today after Minutes from the Fed's most recent policy meeting showed the board to be more divided concerning the continuation of its most recent round of quantitative easing, dubbed QE4. It's not that markets think that The Fed's purchases of MBS (the "mortgage backed securities" that most directly influence mortgage rates) or Treasuries will be stopping any time soon, but however long a particular market participant thought that QE would continue...

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