Mortgage Rates 01-15-16 - Lender411.com

By Lisa Robison Updated on 1/15/2016

Mortgage rates are lower today by a significant amount.  The big market movers have not been domestic data.  We know this because last week's ADP and NFP reports failed to make an impact.  This week has been more of the same.  The only chance for this week rests in the Retail Sales Data.  If we don't see any major moves in the stocks and oil, we can place more stock in economic data.  We are also heading into a 3 day weekend, so we may see a light trading day as traders are probably heading out early to enjoy the long weekend.  The usual trend for 3-day weekends is that the traders that are working tend to play more conservatively as well.  Next week will be a better week for analyzing the true trading positions.  Today's data on tap is the Retail Sales report at 8:30am EST, and then the NY Fed Manufacturing data at 8:30am EST.  Monday the markets are closed, so check back on Tuesday for up to the minute mortgage market news.                       

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• 30 year (FRM) rates at 3.84% (-0.10%).
• 15 year (FRM) rates at 3.12% (-0.06%).
• FHA 30 year Fixed rates at 3.50% (-0.10%).
• Jumbo 30 year Fixed rates at 3.68% (-0.07%).
• 5/1 ARM rates at 3.08% (-0.05%).