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Rates traded fairly flat today.. with small swings of a 35 basis points.  The Fed also bought 3.5 billion of mortgage back securities today.  This is an interesting point because 1 week ago when they bought- the market moved almost .5% for the better.  Today- this seems to be necessary just to keep things even.  Does this mean that the hopes of the 4.25% rates that people have been talking about will not come?  I am not sure- but 3.5 billion is a lot of mortgage backed securities and if this is not moving the market... hmm.

rates available for a 30 are in the 4.625-4.875% range depending on loan amount- cash out-credit score-origination points the list goes on. 15 years are pricing at the 4.375-4.625% range and 20 years are the same as 30 years right now.  Jumbo arms can be had for the mid 5's but stellar credit score and loan to values of 75% or below. Sometimes in this market it is not a matter of the lowest rate- but who can simply get the loan completed.  Each interest rate quote is custom.