Mortgage Rates 01-04-16

By Lisa Robison Updated on 1/4/2016

This week is the first trading week in the New Year, and the year is starting out with a heavy calendar of data.   Bond traders across the board are setting up their trading positions, and this can cause some impact as the trade flow is markedly increased at the beginning of each day/month/quarter/year.  Additional emphasis is on this week's economic calendar, which includes today's ISM Manufacturing PMI and Construction Spending.  Wednesday we have the Mortgage Market Index, ADP National Employment data, International Trade, Non-Manufacturing Bus Act, and Non-Manufacturing PMI.  Thursday is the release of Initial Jobless Claims, and Friday we have the Non-Farm Payroll report, Private Payrolls, Unemployment Rate, Manufacturing Payrolls, Average Earnings and Average Workweek Reports, as well as the Wholesale Inventories report.  Check back tomorrow to get the most up-to-date mortgage news.                   

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• 30 year (FRM) rates at 4.09% (-0.02%).
• 15 year (FRM) rates at 3.28% (-0.02%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.92% (-0.01%).
• 5/1 ARM rates at 3.03% (-0.01%).