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Daily Rate Update: Mortgage Rates Start Stronger, Fade by End of Day
Posted to: Mortgage Rates Update
Tuesday, January 29, 2013 5:22 PM

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Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.58 3.61 -0.03%
15 Yr FRM 2.91 2.93 -0.02%
FHA 30 Year 3.30 3.33 -0.03%
Jumbo 30 Year 3.79 3.80 -0.01%
5/1 Yr ARM 3.02 3.04 -0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/29/13 4:45 PM
Jan 29, 2013 4:37PM

Mortgage Rates Start Stronger, Fade By End Of Day

Mortgage rates began the day much improved compared to Monday's latest offerings, but the gains mostly evaporated by the end of the session. The mortgage-backed-securities (MBS) that most directly affect rates, had been steadily improving since sustaining major damage from Friday through Monday morning. Those improvements carried through to this morning's rate sheet print times, but trading levels began to deteriorate shortly thereafter. Stock prices and Treasury yields rose. MBS fell (falling prices...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.48%
  • |
  • 15 Yr FRM 3.52%
  • |
  • Jumbo 30 Year Fixed 4.25%
MBS Prices:
  • 30YR FNMA 4.5 106-24 (0-01)
  • |
  • 30YR FNMA 5.0 109-03 (0-00)
  • |
  • 30YR FNMA 5.5 110-11 (0-01)
Recent Housing Data:
  • Mortgage Apps 4.30%
  • |
  • Refinance Index 6.92%
  • |
  • FHFA Home Price Index 0.67%