Mortgage Rates 01-12-16

By Lisa Robison Updated on 1/12/2016

Today we see the mortgage markets shift ever so slightly, with rates inching up a few ticks.  It appears that the manufacturing report that came out of China earlier in the year had an unprecedented impact on the domestic market.  We can also give some credit to the "beginning of the new year" changes in trading positions.  In reality, both of these factors probably played a role.  In looking at the 2 year yields, which are the most sensitive to news out of the Fed, we can see the pattern in place.  At the end of October 2015, we saw 2 year Treasury yields rise sharply in anticipation of the December hike.  We also saw them spike at the end of the year due to companies selling off these securities to bolster their balance sheets.  They are now returning to their previous trend.   Tomorrow's economic calendar brings the 10 year note auction.  Thursday we see the Import and Export Prices, Initial Jobless Claims, and the 30 Year Bond Auction.  Friday is the release of the Retail Sales Report as well as the NY Fed Manufacturing data.  Check back tomorrow to see the most up to day mortgage news.                   

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• 30 year (FRM) rates at 3.96% (+0.02%).
• 15 year (FRM) rates at 3.20% (+0.01%).
• FHA 30 year Fixed rates at 3.65% (+0.02%).
• Jumbo 30 year Fixed rates at 3.76% (+0.01%).
• 5/1 ARM rates at 3.07% (0.00%).