Average Mortgage Rates
30 Yr FRM 3.40 3.40 0.00%
15 Yr FRM 2.77 2.77 0.00%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.63 3.63 0.00%
5/1 Yr ARM 3.00 3.00 0.00%
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Updated: 11/23/12 1:17 PM
Nov 23, 2012 1:17PM

Limited Lender Participation Leaves Mortgage Rates Unchanged

Mortgage rates were unchanged on Friday , based on the small minority of lenders who remained open. Taken together with the first three days of the week, rates moved higher at first and have now leveled off in conservative territory. In this context, "conservative" means "higher than they otherwise might be," and we'd ascribe that phenomenon to the lack of participation surrounding the holiday. In other words, it's not uncommon to see rate sheet pricing be a bit more conservative into long weekends...

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