Mortgage Rates 01-05-15

By Lisa Robison Updated on 1/5/2016

Bond Markets saw the lowest rate in the past two weeks yesterday.  This was due to influence from overseas.  Aside from the 5/1 ARM prices, the rates across the board aww anywhere from .03% to .07% decrease, which is significant.  Today there is nothing coming in the way of economic data.  In the broader picture, there is a growing concern that, aside from worsening economic data, there really isn't any way to avoid the impending shift over the next few months.  This shift may happen more abruptly as is has in previous post-hike cycles, and more and more lenders jump on board with the new rates as things progress.  If we continue to see a trend of rallying in the bond markets, we may be able to avoid the abrupt shift in mortgage rates, but this is left to be foreseen.  The Jobs report that is being release this Friday will be a key indicator as to the state of the economy.  Check back tomorrow to get the most up to date mortgage news.     

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.02% (-0.07%).
• 15 year (FRM) rates at 3.25% (-0.03%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.85% (-0.07%).
• 5/1 ARM rates at 3.04% (+0.02%).