Average Mortgage Rates
30 Yr FRM 3.58 3.61 -0.03%
15 Yr FRM 2.91 2.93 -0.02%
FHA 30 Year 3.30 3.33 -0.03%
Jumbo 30 Year 3.79 3.80 -0.01%
5/1 Yr ARM 3.02 3.04 -0.02%
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Updated: 1/29/13 4:45 PM
Jan 29, 2013 4:37PM

Mortgage Rates Start Stronger, Fade By End Of Day

Mortgage rates began the day much improved compared to Monday's latest offerings, but the gains mostly evaporated by the end of the session. The mortgage-backed-securities (MBS) that most directly affect rates, had been steadily improving since sustaining major damage from Friday through Monday morning. Those improvements carried through to this morning's rate sheet print times, but trading levels began to deteriorate shortly thereafter. Stock prices and Treasury yields rose. MBS fell (falling prices...

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