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Daily Rate Update: Mortgage Rates Continue Steady Descent Back to Earth
Posted to: Mortgage Rates Update
Wednesday, January 09, 2013 5:03 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.46 3.48 -0.02%
15 Yr FRM 2.81 2.82 -0.01%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.66 3.68 -0.02%
5/1 Yr ARM 2.97 2.96 0.01%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/9/13 4:07 PM
Jan 9, 2013 4:08PM

Mortgage Rates Continue Steady Descent Back To Earth

Mortgage rates moved slightly lower again today , marking the third straight session of recovery after being launched higher last week. The magnitude of that launch is a matter of perspective, though 30yr Fixed Best-Execution never made it over 3.5%. Today's improvements bring the average rate sheet back into 3.375% territory, but lenders remain on both sides of that (fewer at 3.25%, more at 3.5%). Not every lender improved, and not every improvement will have dropped the quoted rate by the standard...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.20%
  • |
  • 15 Yr FRM 3.33%
  • |
  • Jumbo 30 Year Fixed 4.04%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps -8.12%
  • |
  • Refinance Index -10.20%
  • |
  • Purchase Index -1.77%