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Daily Rate Update: Abrupt Reversal for Markets Leaves Rates at Recent Highs

Posted to: Mortgage Rates Update
Tuesday, February 05, 2013 5:14 PM

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Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
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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