Bonds lost ground today. 10yr yields were up roughly 4bps and MBS did better, losing only about an eighth of a point. That may sound like bad news at first, but there is a silver lining --rate sheets were better overall when compared to Friday's. Lenders hadn't fully caught up to last week's big rally.
Bookmark this page for mortgage rates:
30-year (FRM) rates at 3.07% (-0.02%)
15-year (FRM) rates at 2.48% (-0.02%)
FHA 30-year Fixed rates at 2.63% (-0.05%)
Jumbo 30-year Fixed rates at 3.04% (-0.01%)
5/1 ARM rates at 2.75% (-0.13%)
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