Average Mortgage Rates
30 Yr FRM 3.35 3.35 0.00%
15 Yr FRM 2.75 2.75 0.00%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.54 3.54 0.00%
5/1 Yr ARM 3.01 3.01 0.00%
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Updated: 12/6/12 2:38 PM
Dec 6, 2012 2:38PM

Mortgage Rates Start Flat, Move Higher Into Afternoon

Mortgage rates were completely flat versus yesterday's offerings to begin the day but several lenders recalled rate sheets for negative revisions as markets deteriorated in the afternoon. MBS Prices (the "mortgage-backed-securities" that most directly influence mortgage rates) were in modestly positive territory for most of the day, but fell abruptly in the afternoon. When MBS prices move lower, it can prompt lenders to adjust rate sheet pricing lower as well, effectively raising interest rates....

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