Forgotten Your Password?

Need to Register?

Mortgage Rates 04-28-16

By Lisa Robison Updated on 4/28/2016

Mortgage rates moved lower for the now second day in a row.  This is thanks to the PSR,  a term that MBS Live member Jeff Anderson coined to describe the Post-Supply-Rally.  This phenomenon happens following the end of the weekly auction cycle.  That day happened to be today, with the last auction being the 7 year auction at 1pm EST.  Immediately following the auction results, bonds rallied, and the 10 year yields fell to a low of 1.81.  Tomorrow will be significant in that it signifies month end.  As such, there will be a bit of extra demand to buy.  Money managers everywhere will be looking to balance out their books.  Check back here tomorrow for the most recent mortgage news and rate update.  

Bookmark this page for daily mortgage updates: 

• 30 year (FRM) rates at 3.68% (-0.05%).
• 15 year (FRM) rates at 2.96% (-0.06%).
• FHA 30 year Fixed rates at 3.30% (-0.05%).
• Jumbo 30 year Fixed rates at 3.62% (-0.03%).
• 5/1 ARM rates at 3.05% (+0.03%).

Related Searches:
About The Author:
Lisa Robison
My name is Lisa Robison. I am an Associate Editor on Lender411com and lenderhomepagecom. I'd be happy to answer any question you have about our products and services.

Didn't find the answer you wanted? Ask one of your own.

Get an answer

Related Articles

Subscribe to our news feed.