Average Mortgage Rates
30 Yr FRM 3.64 3.63 0.01%
15 Yr FRM 2.94 2.93 0.01%
FHA 30 Year 3.35 3.34 0.01%
Jumbo 30 Year 3.74 3.73 0.01%
5/1 Yr ARM 3.00 3.01 -0.01%
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Updated: 3/21/13 3:45 PM
Mar 21, 2013 3:47PM

Mortgage Rates Slightly Higher Despite Market Stability

Mortgage rates moved gently higher today in what was more of an extension of yesterday afternoon's mortgage market weakness than anything to do with today's trading levels. In fact, bond markets were slightly stronger today as economic data was largely overlooked in favor of reacting to Cyprus-related headlines. That said, MBS (the mortgage backed securities that most directly influence mortgage rates) struggled compared to Treasuries. In general, MBS underperform Treasuries in volatile, headline...

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