What's Ahead for Mortgage Rates This Week of April 27, 2012?

Mortgage markets were mostly unchanged last week for the second straight week. Spain made few moves to allay concerns from its investors, the Federal Reserve did little to change its message on the U.S. economy, and newly-released economic data was in-line with expectations.

Conforming mortgage rates in Washington idled last week, remaining near all-time lows for the 30-year fixed rate mortgage, the 15-year fixed rate mortgage; and the 5-year ARM.

According to Freddie Mac's weekly mortgage rate survey, last week's mortgage rates, as averaged from more than 125 banks nationwide, were as follows :

• 30-year fixed rate mortgage : 3.88% with 0.7 discount points
• 15-year fixed rate mortgage : 3.12% with 0.6 discount points
• 5-year adjustable rate mortgage : 2.85% with 0.6 discount points

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