Mortgage rates have been steady for a while, but that may be changing. According to Freddie Mac’s Weekly Survey 30 year fixed-rates were down 1 basis points on the week to 4.12%. The 15 year fixed-rate was down 3 basis points on the week at 3.23%. However, based upon the jump in 10 Year Treasuries yesterday and the volatility today, it looks like a period of instability in mortgage rates is ahead. Many mortgage borrowers and lenders were caught off guard by yesterday’s move after two months of steady rates.
See our Daily Interest Rate Updates for the most current bond rates.
Note: Chart above is dynamic and reflects current survey, updated weekly.
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