Not a lot of updated information to report.
Today the 10 Year Treasury closed up at 0.0930% to 1.8080. Yesterday it closed at 1.72. The 30 year mortgage rate tracks closely to this index.
The Twist has not been implemented yet, just announced. However, there is speculation that the market has already priced this in so we may not see much of a drop at all. Word about this possibility had been floating around for sometime before the announcement.
Today’s Rates from Edina Realty Mortgage show no change today.
Today’s Mortgage Rates
The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us
as of 09/23/2011 12:00 PM Central
Product Interest Rate APR Conforming1 and FHA1 Loans 30-Year Fixed 4.000% 4.181% 30-Year Fixed FHA 3.750% 4.550% 15-Year Fixed 3.000% 3.314% 7-Year ARM 2.750% 3.122% 5-Year ARM FHA 2.750% 2.908% Jumbo1 Loans – Amounts that exceed conforming loan limits1 30-Year Fixed 4.250% 4.392%
Yesterday’s Twist Update 9/22/2011: http://wp.me/p1JMp1-hB
- Mortgage Rates Rise Slightly Heading Into The Weekend (michael-mcdevitt.com)
- Alex Stenback on the Federal Reserve’s New Stimulus – “Operation Twist” (johnmurphyreports.com)
- Twisting the Rates Away (markaalto.wordpress.com)