Average Mortgage Rates
30 Yr FRM 3.58 3.58 0.00%
15 Yr FRM 2.91 2.91 0.00%
FHA 30 Year 3.31 3.31 0.00%
Jumbo 30 Year 3.76 3.77 -0.01%
5/1 Yr ARM 3.01 3.00 0.01%
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Updated: 2/28/13 4:11 PM
Feb 28, 2013 4:17PM

Mortgage Rates Aggressively Flat To End The Month

Mortgage rates are even more sharply unchanged today than they were yesterday, which at least saw some consensus toward strength in the morning and weakness in the afternoon. In contrast, today's movements in the secondary mortgage market were completely flat (relative to their average range of motion). This left nearly all lenders at liberty to put out one rate sheet in the morning and call it a day. As such, 3.625% best-execution is unchanged, as are the average costs associated with that rate...

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