Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.49 3.43 0.06%
15 Yr FRM 2.84 2.78 0.06%
FHA 30 Year 3.25 3.25 0.00%
Jumbo 30 Year 3.69 3.63 0.06%
5/1 Yr ARM 2.98 2.96 0.02%
» View Current Mortgage Rates
» Compare Mortgage Rates		 Updated: 1/3/13 5:05 PM
Jan 3, 2013 5:05PM

Mortgage Rates Soar To Multi-Month Highs Following Fed Minutes

Mortgage rates soared to their highest levels in months today after Minutes from the Fed's most recent policy meeting showed the board to be more divided concerning the continuation of its most recent round of quantitative easing, dubbed QE4. It's not that markets think that The Fed's purchases of MBS (the "mortgage backed securities" that most directly influence mortgage rates) or Treasuries will be stopping any time soon, but however long a particular market participant thought that QE would continue...

More From MND

Video News

Stocks Weaken on Fed Minutes

End of QE Before End of 2013?

Santelli: Cowboys and Central Bankers
Follow Rates Daily On:
RSS
Twitter
Facebook
Mobile Apps

Forward

Know someone who might be interested in this email? Forward it.

Subscribe

Would you like to receive our Daily Rate Update by Email? Subscribe Now.

© 2013 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.