Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.43 3.41 0.02%
15 Yr FRM 2.78 2.76 0.02%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.63 3.61 0.02%
5/1 Yr ARM 2.96 2.98 -0.02%
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» Compare Mortgage Rates		 Updated: 1/2/13 1:13 PM
Jan 2, 2013 2:48PM

Mortgage Rates Pressured Higher After Fiscal Cliff Deal

Mortgage rates moved to their highest levels since December 19th this morning after Congress passed a last-minute bill softening the blow of the Fiscal Cliff. The legislation has been and may continue to be characterized as some sort of "deal" that averts the impending Cliff. While that's true in the short term, the most obvious "yeah but" is the fact that spending cuts were merely delayed. Markets reacted as-expected to the presence of a "deal" (in the sense that "something" was better than "nothing...

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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.