Just when we see a consistent trend of mortgage rates going down, the pendulum has swung, and rates now are at their highest level in a month. Bonds dictate rate movement and have been breaking away from the narrow Springtime range of March and April. Today’s rates are the highest they have been since March 21st.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.56% (+0.06%)
• 15-year (FRM) rates at 3.94% (+0.04%)
• FHA 30-year Fixed rates at 4.35% (+0.07%)
• Jumbo 30-year Fixed rates at 4.57% (+0.05%)
• 5/1 ARM rates at 3.75% (+0.04%)
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