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Daily Update: Mortgage Rates Slightly Higher Despite Bond Market Improvements

Tue, 01/31/2012 - 15:59 — admin
Average Mortgage Rates
  TODAY YESTERDAY CHANGE
30 Yr FRM 3.84 3.81 0.03%
15 Yr FRM 3.24 3.23 0.01%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.07 4.04 0.03%
5/1 Yr ARM 3.02 3.04 -0.02%

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» Compare Mortgage Rates		 Updated: 1/31/12 2:32 PM
Jan 31, 2012 2:33PM

Mortgage Rates Slightly Higher Despite Bond Market Improvements

After setting new record lows yesterday, Mortgages Rates rose slightly today, though 3.875% best-execution remains intact. Rather than affect the prevailing rates being quoted, today's weakness is most likely to be seen in the form of slightly higher borrowing/closing costs for the same rates quoted yesterday (learn more about how we calculate Best-Execution in THIS POST ). The increases run counter to today's market movements as well. Treasury yields are lower again today, and MBS (the "mortgage...

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