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30 Yr FRM 3.61 3.63 -0.02%
15 Yr FRM 2.93 2.95 -0.02%
FHA 30 Year 3.32 3.35 -0.03%
Jumbo 30 Year 3.80 3.81 -0.01%
5/1 Yr ARM 3.03 3.04 -0.01%
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Updated: 2/14/13 3:17 PM
Feb 14, 2013 3:18PM

Mortgage Rates Recover Modestly After Treasury Auction

Mortgage rates moved slightly lower this afternoon after beginning the day in line with yesterday's worst levels of the year. Things looked relatively bleak as domestic market participants were greeted with flat trading levels vs Wednesday's late day weakness and stronger economic data in the morning that, at first, threatened to take rates even higher. But bond markets, including MBS (the mortgage-backed-securities that most directly affect mortgage rates) were able to hold their ground long enough...

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