Mortgage rates are very flat today. Today there isn't too much to report, aside from the fact that today's CPI report came in as expected. Had the report been either stronger or much weaker than projected, markets may have had somewhere to go. Having nothing to inspire them today, markets are simply holding their breath until next week's Fed speakers make announcements out of the US and Japan. It's hard to say if the markets are really experiencing an upswing, or perhaps rates are jumping the gun in anticipation of a stronger move in the near future. Historically speaking, there have been very few instances of rates remaining flat after the kind of movement we saw in the last week. Next week will bring more clarity in terms of establishing a trend. Check back after the weekend for more mortgage news and mortgage rates.
• 30 year (FRM) rates at 3.47% (+0.00%).
• 15 year (FRM) rates at 2.82% (+0.00%).
• FHA 30 year Fixed rates at 3.30% (+0.00%).
• Jumbo 30 year Fixed rates at 3.62% (+0.00%).
• 5/1 ARM rates at 2.89% (+0.00%).
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