Average Mortgage Rates
30 Yr FRM 3.69 3.69 0.00%
15 Yr FRM 2.98 2.99 -0.01%
FHA 30 Year 3.40 3.40 0.00%
Jumbo 30 Year 3.80 3.81 -0.01%
5/1 Yr ARM 3.01 3.02 -0.01%
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Updated: 3/14/13 3:46 PM
Mar 14, 2013 4:09PM

Mortgage Rates Fall Back To Unchanged After Morning Weakness

Mortgage rates were flat for the third day in a row , despite strong economic data and a weak 30yr Treasury Auction (two things that normally connote higher rates. Bond markets had already weakened appreciably overnight, however, and were thus in a better position to digest the data. MBS (the mortgage-backed-securities that most directly influence rates) clawed their way back to unchanged levels by 2pm Eastern time, and mortgage rates followed suit with many lenders "repricing" from higher rates...

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