Mortgage Rates 7-16-15

By Lisa Robison Updated on 7/20/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.

Mortgage rates continue to drop slightly but still are within a narrow range.  This news is considered positive, given the headlines this mornng.  The Greek bailout is moving ahead, having secured the support of Finland's vote this mornng.  Also approved was Greece's bridge financing, which is much needed, since the actual bailout is a ways away from becoming a reality.  The hope here is to keep Greece a member of the Eurozone.  

US Markets are reacting less to the news in Greece, and more to the Philly Fed data, which was weaker than expected.  MBS and Treasuriies rallied after the release of the data, but are still holding in a steady pattern.  At the end of the day, there haven't been any major trends in either direction, and it's uncertain as to what it will take will prompt a move in either direction.

• 30 year (FRM) rates at 4.09 (-0.03%).
• 15 year (FRM) rates at 3.27% (-0.03%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.86% (-0.03%).
• 5/1 ARM rates at 3.06% (-0.01%).