Mortgage Rates : Day 4 of Of Increases

Posted on Oct 19, 2012

Mortgage-backed bonds droppedlower yet again Thursday, marking the fourth straight day over which mortgage markets worsened. The FNMA 3.0 coupon fell -2/32 to close at 104.07 while the GNMA 3.0 coupon shed -3/32 to close at 105.22. 

Conforming mortgage rates climbed on the day, as did FHA mortgage rates and VA mortgage rates. MBS pricing remains at its worst levels in a month.  Jumbo mortgage rates showed no change Wednesday.  Click here for today's mortgage rates.

In short: mortgage rates are rising. If you want to buy, now is the time.

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