Average Mortgage Rates
30 Yr FRM 3.50 3.43 0.07%
15 Yr FRM 2.83 2.78 0.05%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.70 3.63 0.07%
5/1 Yr ARM 3.02 2.99 0.03%
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Updated: 1/17/13 3:57 PM
Jan 17, 2013 4:00PM

Mortgage Rates Sharply Higher, Erasing Most Of The Recent Recovery

Mortgage rates shot higher on Thursday matching the quickest pace of the past several months seen at the beginning of January. Although rates didn't make it quite as high in absolute terms, much of the recent recovery was erased. In other words, we're now closer to early January's levels than we are to yesterday's levels. The move was more than sufficient to bump Best-Execution for Conventional 30yr Fixed Loans up to 3.5% from the previous 3.375%. Some borrowers may still have the same rate today...

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