Major U.S. mortgage markets were quiet on Thursday ahead of Friday’s much anticipated Employment Situation Report. The bond market has been fluctuating since the government shutdown in October and Friday’s reporting will surely have a strong effect as well.
The average 30-year fixed rate held steady at the 4.30% range, as did the average 15-year fixed rate which held at the 3.37% range. The average 30-year FHA rate rose slightly to the 3.96% range. And the average 5/1 year ARM dropped a bit to the 3.22% range.