Yesterday's British shocker was an aggressive declaration from the Bank of England. There is a certain intangible importance surrounding all things British when it comes to financial markets. Before New York there was London, big decisions and big trades are still made there and they continue to move markets. By comparison, the effect on US bond markets has been minimal recently, but it's been enough to keep yields from bouncing back.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 3.94% (-0.01%).
• 15 year (FRM) rates at 3.22% (-0.01%).
• FHA 30 year Fixed rates at 3.50% (+0.00%).
• Jumbo 30 year Fixed rates at 4.19% (-0.03%).
• 5/1 ARM rates at 3.20% (-0.02%).
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