According to Private Mortgage Advisors (Wells Fargo) mortgage rates have improved across the board due to a slew of “less than good news” on the economic front last week.  Last Friday Wells also improved it’s Jumbo pricing (>$729,750) significantly.  The Fed met last week and not surprisingly kept the fed funds rate unchanged.  They did extend the buyback of mortgage backed securities by the Fed into next year, but didn’t increase the amount they would buy back, which could have the effect of lowering support for the repurchase of treasuries and thus lead to rate increases later in the year.

Current quoted rates are:
Conforming ($417 K and under), 30 year fixed = 5.0%
High balance conforming ($417 K to $729.75 K), 30 year fixed = 5.25%
Non-conform (>$729.75 K), 30 year fixed = 5.75%