Mortgage rates todayare still at 4.875 percent fixed for 30 years according to FreeRateUpdate.com research of wholesale mortgage lender’s rate sheets.
The 10 year treasury yield, used to forecast conforming 30 year fixed mortgage rates, dipped drastically to 3.46 down 0.0920 (2.59%). The yield closed yesterday at it’s highest level in over a month. Mortgage rates closed yesterday at their highest level in a month as well and very near 5 percent. Mortgage rates have been below 5 percent for over a month.
Today’s Mortgage Rates Forecast
As a result of the less than impressive Consumer Confidence report and strong demand at the 2 year treasury bond auction today prices on Residential Mortgagte Backed Securities rose. Mortgage Rates which move the opposite RMBS are now stable. Mortgage rates had been likely to rise prior to today hanging in by a thread under 5 percent.
Today’s Mortgage Rates According to FreeRateUpdate.com Research
FreeRateUpdate.com research of wholesale lender’s mortgage rates today shows the following
30 year fixed mortgage rates today are at 4.875 percent. 15 year fixed mortgage rates today are at 4.375 percent. 5/1 ARM mortgage rates today are at 3.875 percent. We’ve seen these same levels for the most part over the past 2 weeks.
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