We keep pretty timely track of mortgage rates around here--timely enough to account for several changes on any given day. As such, we mean it when we say this is really the first time in 2 weeks that rates have fallen, but that wasn't necessarily a given at the outset. Today's rates started out fairly flat compared to yesterday but as the bond market improved throughout the day, many lenders offered slightly lower rates. The change is small in the bigger picture. The average lender is still quoting 6.75% - 6.875% on a conventional 30yr fixed. That number was just under 6% at the beginning of the month. No one knows if rates will continue higher in the near future or if this is the first sign that things are calming down. Those questions will likely be answered by economic data in the coming weeks.
| Mortgage Rate Watch | | Mortgage Rates Inch Lower For First Time in 2 Weeks | | We keep pretty timely track of mortgage rates around here--timely enough to account for several changes on any given day. As such, we mean it when we say this is really the first time in 2 weeks that rates have fallen, but that wasn't necessari... (read more) |
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| MBS Commentary | | Ceiling Signs or Is It a Trap? | | Ceiling Signs or Is It a Trap? Bonds began the day in weaker territory with extra selling signals following the uptick in PCE Prices (inside the Q4 GDP data). But buyers surfaced early for reasons that ... (read more) |
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| 30 Yr. Fixed Rate | | 6.82% -0.06% |
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| Rate | Change | Points |
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| Mortgage News Daily | | 30 Yr. Fixed | 6.82% | -0.06 | 0.00 | | 15 Yr. Fixed | 6.18% | +0.11 | 0.00 | | 30 Yr. FHA | 6.25% | -0.01 | 0.00 | | 30 Yr. Jumbo | 6.40% | +0.05 | 0.00 | | 5/1 ARM | 6.63% | -0.02 | 0.00 | | 30 Yr. VA | 6.26% | -0.01 | 0.00 | | Updates Daily - Last Update: 2/23 |
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| 15 Yr. Fixed Rate | | 6.18% +0.11% |
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| Rate | Change | Points |
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| Freddie Mac | | 30 Yr. Fixed | 6.50% | +0.18 | 0.00 | | 15 Yr. Fixed | 5.76% | +0.25 | 0.00 | | Updates Weekly - Last Update: 2/23 |
| Rate | Change | Points |
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| Mortgage Bankers Assoc. | | 30 Yr. Fixed | 6.62% | +0.23 | 0.75 | | 15 Yr. Fixed | 5.98% | +0.13 | 0.93 | | 30 Yr. Jumbo | 6.44% | +0.18 | 0.53 | | Updates Weekly - Last Update: 2/22 |
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| Price / Yield | Change |
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| MBS | | UMBS 5.0 | 98.39 | +0.28 | | UMBS 5.5 | 99.98 | +0.25 | | GNMA 5.0 | 98.86 | +0.30 | | GNMA 5.5 | 100.38 | +0.28 | | Pricing as of: 2/23 5:31PM EST |
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| 10 Year US Treasury | | 3.8830 -0.0443 |
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| Price / Yield | Change |
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| US Treasury | | 2 YR Treasury | 4.702 | +0.005 | | 5 YR Treasury | 4.110 | -0.054 | | 7 YR Treasury | 4.037 | -0.042 | | 10 YR Treasury | 3.883 | -0.044 | | 30 YR Treasury | 3.889 | -0.034 | | Pricing as of: 2/23 5:31PM EST |
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