Mortgage Rates 01-29-16

By Lisa Robison Updated on 1/29/2016

Mortgage rates today are lower in all areas except the 5/1 ARM rates. There is an intriguing shift in the bond markets, whereas the pattern of following oil and stocks known as the "stock lever" has been broken, and now bonds still holding their ground, even as stocks are doing the same. We even see oil prices coming back up, and bonds are intent on remaining strong. There are some changes taking place in the global economy that may have prompted this shift in the status quo. For example, the Federal Reserve is tightening its policy, and at the same time, the European Central Banks are easing policy. The Bank of Japan recently announced that it is following the Euro market in their endeavor to impose a negative policy rate. These changes could signify some potential volatility in the bond market, and we may be in for a turbulent ride. The forecast is for rates to move higher in 2016, so this rally may be the result of month-end trading. Check back on Monday to see the most recent mortgage market news.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.78% (-0.04%).
• 15 year (FRM) rates at 3.09% (-0.03%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.61% (-0.05%).
• 5/1 ARM rates at 3.08% (+0.04%).