December 26th, 2013 12:26 PM by BILL WILBANKS
The 10 year treasury broke the 3.00% level this morning after climbing daily this week, here at year-end. Some lenders have already bumped the points up on the fixed by as much as 0.25% this morning after the first sheet. It has moved back down a b.p.to the 2.99% level at the time of this update just after noon ET. That firmly puts the 30 year fixed rates I'm seeing so far today in the 4.375% (lowest) to 4.50% level on the perfect quote and the 15 year to the 3.50% to 3.625% range so far today. So much for the theory that the week between Christmas and New Years might be relatively quiet on the rate scene.