Mortgage Rates 01-20-16 - Lender411.com

By Lisa Robison Updated on 1/20/2016

Mortgage rates are higher again today.  This has been the worst January on record for the equities markets.  Stock market negativity and a decline in oil prices have set the bond market on fire.  Simply put, the money from the surge in equities/commodities selling needs to go somewhere.  This pattern will continue until there are no more funds looking for a place to go.  In recent events, the connection between oil, stocks, and bonds has been fairly consistent.  The market data being released today is likely to be second in line when it comes to producing any notable market movement.  Today we have the release of the Mortgage Market Index, Housing Starts, CPI data, and the number of Building Permits issued.   Tomorrow we see the release of the Philly Fed Business Index and the Jobless Claims report.  Friday's data on tap is the Existing Home Sales.   Check back tomorrow for 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 3.13% (+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%).