Average Mortgage Rates
30 Yr FRM 3.55 3.48 0.07%
15 Yr FRM 2.88 2.81 0.07%
FHA 30 Year 3.28 3.25 0.03%
Jumbo 30 Year 3.76 3.68 0.08%
5/1 Yr ARM 3.04 2.99 0.05%
» View Current Mortgage Rates
» Compare Mortgage Rates
Updated: 1/25/13 2:27 PM
Jan 25, 2013 2:30PM

Mortgage Rates Hit Highest Levels In Months, More Volatility Ahead

Mortgage rates skyrocketed to their highest levels since August on Friday, both as a part of an ongoing move higher that began yesterday and more specifically in reaction to overnight events in Europe. Strong economic data in Germany sent interest rates initially higher overnight, but the bigger surge followed an ECB announcement detailing the 278 of 523 European banks that had already begun paying back 3-year loans made by the ECB in late 2011. MBS (the mortgage-backed securities that most directly...

More From MND

Video News

BofA's Moynihan on U.S. Lending, Housing, Economy

New Home Sales Down 7.3% in December

U.S. Ex-Sen. Kaufman on Geithner, Lew, Banking