Today’s mortgage rate news courtesy of Rocci Bryan, US Bank Home Mortgage in Northern Colorado.
Mortgage rates in the U.S. moved higher over the past week following a promising U.S. employment report, according to Freddie Mac’s weekly survey of mortgage rates. The U.S. added more than 227,000 jobs in February, above market expectations. Gains across industries and demographic groups marked the latest sign that the nation’s economy has gained momentum. “An upbeat employment report for February caused U.S. Treasury bond yields to increase over the week and mortgage rates followed,” said Freddie Mac Chief Economist Frank Nothaft.
30 year conventional 4.25%
30 year Jumbo 4.375%
15 year Conventional 3.625%
5/1 ARM Conventional 3.25%
30 year FHA/VA 4.125%
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