Mortgage Rates 01-27-16

By Lisa Robison Updated on 1/27/2016

Rates today remained largely the same as yesterday, with the exception of small movements in the Jumbo 30-Year Rates and the 5/1 ARM Rates.  The market has been in a bit of a standstill over the past couple of days in anticipation of today's Fed announcement.  Here's the long and short of it.  The Feds are generally not so concerned with short term market disruptions, such as the changing pace of the stocks, bonds, and oil over the beginning of the year, but this time around, they are taking note.  This is a reminder of last year, when the Feds sounded absolutely certain that they would raise rates in the latter part of the year.  This plan was thrown off course by the China currency meltdown, as well as global growth concerns.  What will be interesting to see, is whether or not the Feds are willing to similarly acknowledge the recent disruptions in the market, or will they be on course to raise rates four times in 2016.  Check back tomorrow to see the most recent news for mortgage rates.                               

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• 30 year (FRM) rates at 3.84% (0.00%).
• 15 year (FRM) rates at 3.12% (0.00%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.68% (+0.01%).
• 5/1 ARM rates at 3.06% (+0.01%).