Mortgage Rates 01-21-16

By Lisa Robison Updated on 1/21/2016

Mortgage rates are lower today across the board.  Bond markets have been rallying in the wake of the stock sell off that we have seen in recent days.  This is because bonds are looked at as a "safe-haven" investment.  This has much to do with their pricing volatility.  Typically losses in the bond markets aren't as significant as losses in other markets.  This makes them more attractive to investors, who enjoy seeing a return on their investment, and enjoy making a risk which incurs less amount of volatility.  The more risk in other areas of the market, investors will move funds to the area of less risk.  Yesterday's economic data came in weaker than expected as well, but the release of that data actually didn't make any impact on the bond market.  All eyes are on the equities markets, and we can expect stocks to continue to heavily influence the bond market.  In terms of economic news today, there is the Philly Fed Business Index, as well as the Initial Jobless Claims.  Check back here tomorrow to see the latest in mortgage news.                       

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• 30 year (FRM) rates at 3.84% (-0.05%).
• 15 year (FRM) rates at 3.12% (-0.03%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.68% (-0.04%).
• 5/1 ARM rates at 3.0% (-0.01%).