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Daily Rate Update: Mortgage Rates Improve on Average, but Not for Every Lender
Posted to: Mortgage Rates Update
Tuesday, January 08, 2013 4:00 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.48 3.51 -0.03%
15 Yr FRM 2.82 2.85 -0.03%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.68 3.71 -0.03%
5/1 Yr ARM 2.96 2.96 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/8/13 1:56 PM
Jan 8, 2013 1:58PM

Mortgage Rates Improve On Average, But Not For Every Lender

Mortgage rates continued to inch lower on average after rising to the highest levels since September at the end of last week. There were no significant market moving events behind the move, but rather, rates markets are simply consolidating after last week's fast-paced changes. Those changes brought the Best-Execution rate for 30yr Fixed, Conventional loans to 3.5%, and for most lenders, that's where it remains, though the borrowing costs associated with that rate mostly moved lower today. Additionally...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.38%
  • |
  • 15 Yr FRM 3.42%
  • |
  • Jumbo 30 Year Fixed 4.15%
MBS Prices:
  • 30YR FNMA 4.5 107-01 (-0-01)
  • |
  • 30YR FNMA 5.0 109-08 (-0-00)
  • |
  • 30YR FNMA 5.5 110-14 (0-00)
Recent Housing Data:
  • Mortgage Apps 4.30%
  • |
  • Refinance Index 6.92%
  • |
  • Purchase Index 1.33%