Mortgage Rates 01-26-16

By Lisa Robison Updated on 1/26/2016

Mortgage rates have dropped a few percent from yesterday.  The idea of the bond markets having a bounce has faded, as this week unfolds.  It appears that the stocks, oil, and bonds have has a shift in momentum, and this is likely because they are looking for the next key indicator.  This indicator likely takes the form of Wednesday's Fed announcement.  The Fed is not likely to raise rates at this meeting, but it will be interesting to analyze how the Feds perceive the market as a whole, given the drop in risk assets this month.  Oil prices are a key indicator of inflation. so this topic will be one likely discussed.  Today's economic data is not as relevant as what is on schedule for tomorrow, with special attention to the Consumer Confidence report released at 10:00am EST tomorrow.  In tomorrow's news, we are also seeing the 2-Year Note Auction at 1:00pm EST.  Check back tomorrow to get the most up to the minute mortgage news.                               

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• 30 year (FRM) rates at 3.84% (-0.02%).
• 15 year (FRM) rates at 3.12% (-0.01%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.67% (-0.03%).
• 5/1 ARM rates at 3.09% (-0.01%).