Mortgage rates this morning are relatively flat compared to yesterday. Yesterday's trading session started out with European news that Francois Bayrou announced his candidacy. Bonds began losing their footing after this announcement, and then the Fed announcement came out a bit more tame than anticipated, bringing them back up again. There was no meaningful talk about tapering balance sheets in the near future from the Fed. The Fed also didn't appear to be in a hurry to raise rates, but instead indicated that rthey would be monitoring the inflation rate before imposing a hike. Bonds ended the day in slightly stronger territory than the previous day. Check back here for more mortgage news and rate updates coming soon.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 4.20% (-0.01%).
• 15 year (FRM) rates at 3.40% (-0.01%).
• FHA 30 year Fixed rates at 3.75% (+0.00%).
• Jumbo 30 year Fixed rates at 4.32% (-0.01%).
• 5/1 ARM rates at 3.01% (-0.051%).
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