Well, the trend continues and rates continue their ascent. Another not-so-great opening in the bond market resulting in pricing declines and slightly higher rates as a result. Shorter term mortgage pricing has all but dissolved, leaving few rate options in those categories. The demand for ARM's continues to diminish, bridging the gap between adjustables and fixed ever so slightly. FHA remained relatively unchanged with most rates still right at the 5% mark
Conventional 30 yr: 5.125% to 5.625% Conventional 15 yr: 4.625% to 4.750%
3/1 and 5/1 ARM: 3.750% to 4.500%
FHA 30 yr: 4.875% to 5.250% FHA 15 yr: 4.375% to 4.500%
Please note these are averages and rates can be affected by many things like credit scores, type of property, occupancy, etc..
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