Mortgage Rates 01-11-16

By Lisa Robison Updated on 1/11/2016

Mortgage rates continue the trend that they have been on for the last week and a half.  This fall in rates that we have seen since the first of the year is bound to cease at some point.  This current week may prove to be the week that things shift direction. There is fresh supply in the Treasury Auction arena, there is expected to be an increase in corporate bond supply, and there are indications that we are reaching a level of being overbought.  If the bond market continues to rally even with all of these factors, that could mean some major changes are taking place in the financial markets.  We have a hefty supply of domestic data on calendar for this week.  Tomorrow is the 3-year note auction, Wednesday we have the 10-year note auction, Thursday there are several reports, including Import/Export Prices, Initial Jobless Claims, and the 30-year Bond Auction.  Friday is the Retail Sales Report and the NY Fed Manufacturing Report.            

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• 30 year (FRM) rates at 3.94% (-0.02%).
• 15 year (FRM) rates at 3.19% (-0.02%).
• FHA 30 year Fixed rates at 3.63% (-0.02%).
• Jumbo 30 year Fixed rates at 3.75% (-0.04%).
• 5/1 ARM rates at 3.07% (+0.01%).