August 17, 2010

Average Mortgage Rates
30 Yr FRM 4.36% 0.02%
15 Yr FRM 3.76% 0.03%
FHA 30 Year 4.42% 0.02%
Jumbo 30 Year 5.59% 0.01%
5/1 Yr ARM 3.45% 0.03%
View Current Mortgage Rates | Compare Rates Updated: 8/17/10 4:39 PM

Latest Commentary
Mortgage Rates Marginally Higher After Industrial Production Data. No Reason to Panic - Mortgage Rate Watch
Following the release of Industrial Production data, stocks extended overnight gains and benchmark interest rates rose. This pressured mortgage backed securities prices lower...before most lenders published loan pricing. Consequently, consumer borrowing costs increased slightly today. The losses were not large enough to say the par 30 year fixed mortgage... Read More
Overbought Bonds Give Back Extra Gains as Risk Rallies. MBS at Session Lows - MBS Commentary
Equity markets are rallying out of oversold territory and benchmark interest rates are retracing gains that forced the long end of the curve even deeper into overbought status yesterday. Volume isn't impressive and money really isn't leaving the bond market in any size, more or less there are a lack of willing buyers out there at the moment... Read More

Provided by Mortgage News Daily

This information is not an advertisement to extend consumer credit
as defined by Section 226.2 of Regulation Z. This is not an offer to
enter into an agreement regarding interest rates. The rates quoted do
not include discount points, origination points, or loan level risk
based price adjustments.  Rates and terms are subject to change without
notice.

 

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