Mortgage rates are up ½% in the last few weeks in anticipation the Federal Reserve will slow it’s current stimulus program which is designed to keep interest rates low. Despite reassurances by the Fed that their current policy hasn’t changed, it appears the market is anticipating a change in the near future and has priced this into the market. Although rates are off their lows, they still are terrific!
30 YR Conforming: 4.125% (APR 5.10%)
FHA: 3.75 (APR 3.825%)
30 YR Jumbo: 4.25% (APR 4.30%)