Mortgage Rates 01-19-16 - Lender411.com

By Lisa Robison Updated on 1/19/2016

Mortgage rates are higher today.  In mortgage market news, the trend so far in 2016 is for the stock and bond yields to be moving in unison.  This doesn't always happen, and may be a short term occurrence, but the stock movements have set the tone in the bond markets so far.  A likely assumption is that of "asset allocation".  This means that money managers are buying bonds and selling stocks at the start of the Fed tightening cycle.  Another ideas is that the stock sales is dramatic enough to impact the bond markets.  In the bigger picture, these movements are not very dramatic.  If stocks were to keep selling aggressively, this would be good news for bonds.  In economic data this week, we have the NAHB housing market index today, Wednesday we see the Housing Starts, Core CPI index, and the number of Building Permits issued.  Thursday we have the release of the Philly Fed Business Index and the Jobless Claims report.  Friday is the Existing Home Sales.   Check back tomorrow to see the most up to date mortgage news.                      

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• 30 year (FRM) rates at 3.89% (+0.05%).
• 15 year (FRM) rates at 3.15% (+0.03%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.72% (+0.04%).
• 5/1 ARM rates at 3.06% (+0.01%).