This is pretty interesting because this is the other direction than what the experts thought Operation Twist would have on the market. John Murphy pointed this out earlier on his post, then tonight I saw the St Louis Fed had updated their 30year mortgage average rates.
There are 2 things I find really interesting here but can’t explain.
1) the spread gets larger between the mortgage rates and the 10 year treasury the lower the treasury goes.
2) the 10 year treasury is going up, when most thought it would go down as a result of Operation Twist.
Just curious what Edina Realty Mortgage rates are today… Looks like they are heading up.
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 10/13/2011 09:15 AM Central
Product Interest Rate APR Conforming1 and FHA1 Loans 30-Year Fixed 4.250% 4.434% 30-Year Fixed FHA 3.750% 4.550% 15-Year Fixed 3.375% 3.692% 7-Year ARM 3.000% 3.238% 5-Year ARM FHA 2.750% 2.908% Jumbo1 Loans – Amounts that exceed conforming loan limits1 30-Year Fixed 4.500% 4.644%
Rates Provided by
- 30-year mortgage rate jumps to 4.12% (marketwatch.com)
- HSH.com Weekly Mortgage Rate Radar: Rate Rise Ends 10-Week Streak of Record-Setting Lows (prweb.com)
- What’s Ahead For Mortgage Rates This Week : October 11, 2011 (clewismortgage.wordpress.com)