February 19, 2008 / 9:36 PM / 9 years ago

US mortgage rates post record daily move-BestInfo

1 Min Read

NEW YORK, Feb 14 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points jumped 3/8 percentage point on Tuesday to 6-5/8 percent, in the biggest one-day move in the ten years that BestInfo Inc. has tracked the rates.

"Today's 3/8 percent increase in the Mortgage Point Monitor in one day is unprecedented in the 10-year history of the series, either in the up or down direction," David Beadle, president of BestInfo, said in an e-mail.

The 30-year mortgage rate with one upfront point rose by 3/8 percentage point to 6-3/8 percent.

The 30-year mortgage rate with two upfront points also increased by 3/8 percentage point, to 6-1/8 percent.

The Mortgage Point Monitor is provided exclusively to Reuters by BestInfo, Inc., a Dover, Vermont-based provider of mortgage market analysis. (Reporting by Lynn Adler, Editing by Chizu Nomiyama,)

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