Today's Mortgage Rates Up 1/8 from Yesterday

MBS prices continue to slip as mortgage rates rose an 1/8 today. Conforming 30 year fixed mortgage rate today are at 4.75%, up from 4.625% yesterday. The current 15 year fixed rate is 4.25%, up from 4.125%. The current 5/1 ARM rate is 3.75%, up from 3.5% last week. Today's 30 year fixed mortgage rates are stable below 5% but up from the all time record low 4.5% at par 30 years fixed which we saw last Monday. There isn't much happening except a 10 year treasury bond auction that could affect mortgage rates depending on demand.