Mortgage rates continue to rise in a runaway selling spree that began with the presidential election. In short, the Trump victory led market participants to conclude that there would be decreased regulation, increased spending, trade policy changes, and lower taxes. There have been rapid re-pricing in the markets that suggests that inflation is on the horizon. Whether or not these developments actually happen or not is left t o be decided. Another major factor in the bond markets currently is the impending ECB policy announcement in early December that is quickly approaching. This announcement has the potential to spark a EU taper tantrum. Check back tomorrow to see more of the initial market reaction to current events, and for updated mortgage rates.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 3.85% (+0.10%).
• 15 year (FRM) rates at 3.13% (+0.08%).
• FHA 30 year Fixed rates at 3.62% (+0.07%).
• Jumbo 30 year Fixed rates at 4.00% (+0.08%).
• 5/1 ARM rates at 2.92% (+0.02%).
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