Orlando Mortgage Blog

Another multiple pricing sheet increase day (3 to 4 at most lenders). We started out, before the Fed FOMC Announcement mid-day where they appear to be standing fast on current policy, below 3.3% this morning on the 10yr after closing yesterday at 3.2731%. At 5:15 PM ET the 10yr sits at 3.4903% a 22 point move up in 24 hours (a level not seen since May) and actual loan points have jumped by at least 0.625% to 1.0% this afternoon alone. That puts the 30 year flagship purchase rate now just below 5.0%, firmly at 4.875% this evening. The FHA purchase rate is now 4.75% this afternoon. Investors looking for more yield in the higher risk avenues out there have been selling out of bonds and rates have responded in due course. Read On.