Average Mortgage Rates
TODAYYESTERDAYCHANGE
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%
» View Current Mortgage Rates
» Compare Mortgage Rates		 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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© 2012 Brown House Media, Inc. All rights reserved.
Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031

This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments.  Rates and terms are subject to change without notice.