Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.53 3.49 0.04%
15 Yr FRM 2.87 2.84 0.03%
FHA 30 Year 3.26 3.25 0.01%
Jumbo 30 Year 3.73 3.69 0.04%
5/1 Yr ARM 2.97 2.98 -0.01%
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» Compare Mortgage Rates		 Updated: 1/4/13 3:32 PM
Jan 4, 2013 5:07PM

Mortgage Rates Stabilize After Opening At Highest Levels Since September

Mortgage rates continued higher today , reaching their worst levels since before the Fed announced the specific buying program of Mortgage-Backed-Securities (MBS) referred to as QE3. MBS are the tradable securities that have the most direct effect on lender's mortgage rates. Simply put, yesterday's news showed a less unified ideology among members of the FOMC ("Federal Open Market Committee," or simply, the Fed, which votes on the policies that dictate the MBS purchases). Markets aren't concerned...

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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.