Mortgage Rates 01-06-16

By Lisa Robison Updated on 1/6/2016

Mortgage rates today are slightly higher today than yesterday.  Similar to yesterday, the sell-off in the equities markets resulted in a flight to safety in the bond markets.  We also saw global markets, namely Asia, Europe, and the US all walking in line with risk-aversion tactics that were motivated by oil prices.  Bond markets started the day with a surprising advantage, and even though the ADP employment data came in stronger than was expected, bonds are following global trends today.  Last night, the Caixin Services PMI (which stands for purchasing manager's index) cam e in much weaker than anticipated, and at the open of the China market, the Hang Seng fell sharply, which global markets reacted to.  Along with the ADP National Employment Report, we have the International Trade data, ISM N-Mtg Bus Act, ISM N-Mtg PMI, as well as the FOMC Minutes at 2:00pm EST.  Check back tomorrow for up to the minute mortgage news.        

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• 30 year (FRM) rates at 4.03% (+0.03%).
• 15 year (FRM) rates at 3.25% (0.00%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.86% (+0.01%).
• 5/1 ARM rates at 3.05% (+0.01%).