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Daily Rate Update: Mortgage Rates Slightly Lower Despite Market Weakness

Posted to: Mortgage Rates Update
Tuesday, February 12, 2013 5:31 PM

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Average Mortgage Rates
	TODAY	YESTERDAY	CHANGE
30 Yr FRM	3.57	3.58	-0.01%
15 Yr FRM	2.90	2.91	-0.01%
FHA 30 Year	3.29	3.30	-0.01%
Jumbo 30 Year	3.77	3.77	0.00%
5/1 Yr ARM	3.01	3.01	0.00%
» View Current Mortgage Rates » Compare Mortgage Rates		Updated: 2/12/13 3:29 PM

Feb 12, 2013 3:30PM

Mortgage Rates Slightly Lower Despite Market Weakness

Mortgage rates continued to inch lower on Tuesday as part of a two day move back down from recent highs. The change in rates compared to yesterday's latest offerings isn't enough to change the prevailing Best-Execution rate for 30yr Fixed, Conventional loans (3.625%), but modest improvements came in spite of weaker market conditions. This means that lenders priced rate sheets more aggressively relative to trading levels in MBS (the mortgage-backed-securities that most directly influence rates). It...

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