Mortgage Market Update
New News for interest rates on Friday: Mortgage Rate Watch - 3:09PM Jan22, 2014
Mortgage rates continued a strong move lower today, benefiting from a global sell-off in risk-related assets. What's a risk-related asset? In this case, it's a catch-all term for investments ...
This was last week: ping pong effect!
- 30 year fixed-rates jumped to 4.53% (+0.03).
- 15 year fixed-rates jumped 3.53% (+0.03).
- FHA 30 year fixed rates stayed at 4.25%.
- Jumbo 30 Year Fixed rates jumped to 4.40% (+0.02)
- 5/1 Year (ARM) rates stayed at 3.25%.
Fed tapering: Why are mortgage interest rates on the rise?) was on market-watcher’s lips after the recent jobs report showed data far below projections. However, the FOMC branch of the Fed indicated that one weak report will mean little in the long run and tapering will not relent unless further data in the coming weeks suggests more serious economic downturn
Comments(1)