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Daily Rate Update: Abrupt Reversal for Markets Leaves Rates at Recent Highs
Posted to: Mortgage Rates Update
Tuesday, February 5, 2013 5:14 PM

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Average Mortgage Rates
30 Yr FRM 3.61 3.57 0.04%
15 Yr FRM 2.93 2.90 0.03%
FHA 30 Year 3.33 3.30 0.03%
Jumbo 30 Year 3.80 3.77 0.03%
5/1 Yr ARM 3.03 3.01 0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 2/5/13 1:53 PM
Feb 5, 2013 2:15PM

Abrupt Reversal For Markets Leaves Rates At Recent Highs

Mortgage rates did a complete 180, reversing yesterday's improvement , and taking rates back in line with recent highs. That sounds fairly ominous, and in the sense that further weakness would mean new multi-month highs, it is. But less ominous is the fact that rates continue to operate in a narrow range where the only major day to day changes have been seen on the COST side of the equation. There's further explanation in our daily link to "best-execution" rates, but the other side of the equation...

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.61%
  • |
  • 15 Yr FRM 2.90%
  • |
  • Jumbo 30 Year Fixed 3.59%
MBS Prices:
  • 30YR FNMA 4.5 108-31 (0-01)
  • |
  • 30YR FNMA 5.0 110-24 (-0-01)
  • |
  • 30YR FNMA 5.5 111-26 (-0-04)
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%