August 26, 2010

Average Mortgage Rates
30 Yr FRM	4.34%	0.02%
15 Yr FRM	3.75%	0.02%
FHA 30 Year	4.41%	0.02%
Jumbo 30 Year	5.56%	0.00%
5/1 Yr ARM	3.48%	0.03%
View Current Mortgage Rates \| Compare Rates	Updated: 8/26/10 4:35 PM

Latest Commentary

Mortgage Rates Marginally Worse After Improvement in Jobless Claims - Mortgage Rate Watch

Lender rate sheets were slightly worse than yesterday but nothing monumental. The best par 30 year fixed -conventional, FHA and VA- mortgage rate remain in the 4.25% to 4.50% range with several lenders offering 4.125%. 15 year fixed rate loans also remain in the 3.75% to 4.00% range.
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7-Year Note Auction Met with Healthy Demand. Indirects Bidders Chase Higher Returns - MBS Commentary

This was the best auction of the week. Indirect bidders were the primary source of auction demand. Indicating overseas real money buyers are still chasing returns in the long end of the yield curve. This has been a consistent theme since the Fed announced QE lite two weeks ago. 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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