Mortgage Rates 01-22-16

By Lisa Robison Updated on 1/22/2016

Rates are pretty flat today compared to yesterday.  In the mortgage markets, there is some debate over whether or not we are going to see a bounce in the bond markets.  Technical information indicates that we are seeing a shift in the stock market.  Seeing as though bonds have been heavily influenced by the stock market, it is a natural assumption that bonds may be nearing the end of their recent rally.  The data indicates that there is a shift in trading momentum.  There are also indications of Treasury markets being "overbought" or "oversold".  The presence of these key indicators may be relevant, or it may not.  There is never a guarantee that stocks or bonds are going to follow any specific pattern.  Looking back to the last time these indicators occurred.  Bonds went ahead and rallied for an additional two weeks.  The ECB QE announcement was also a factor at that time.  The only relevant news out of the domestic arena is the Existing Home Sales data.  Check back next week for the most up to date mortgage news.                         

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• 30 year (FRM) rates at 3.84% (0.00%).
• 15 year (FRM) rates at 3.11% (-0.01%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.68% (0.00%).
• 5/1 ARM rates at 3.07% (+0.02%).