Bonds had the "best" day in many regards since late November, specifically November 29th. There were a couple of reasons for this. Firstly, Thursday and Friday of last week, heading into the three day weekend, traders were getting out of the market. Today those same traders returned to the market, and the 10 year yields saw an increase of 7bps. Another contributing factor for today's improvement was the speech made by Minister Theresa in the UK. UK Bonds improved prior to the speech in the UK markets, and then post-speech were weaker. The US found stability in the afternoon and made modest gains throughout the rest of the domestic trading session. Check back tomorrow for more mortgage news and the latest mortgage rate updates.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 4.12% (-0.04%).
• 15 year (FRM) rates at 3.33% (-0.03%).
• FHA 30 year Fixed rates at 3.75% (+0.00%).
• Jumbo 30 year Fixed rates at 4.18% (-0.04%).
• 5/1 ARM rates at 3.02% (-0.03%).
Didn't find the answer you wanted? Ask one of your own.