Mortgage Rates 02-01-16

By Lisa Robison Updated on 2/1/2016

Mortgage rates this week could face a bit of volatility.  The first week of the month typically contain many several pieces of data that will dictate the direction that rates will go.  The main influencer this week will be the Non-Farm Payroll report being released on Friday.  We also have the re-assigning of trading positions for the month, and some other reports that can make an impact.  In terms of today's economic calendar, we have the Incomes/Outlays, followed with the ISM Manufacturing Data this morning.  Tuesday we don't have anything important, and Wednesday we have the ADP Employment Data and the ISM Non-Manufacturing data.  Thursday we see Initial Jobless Claims, and then Friday we have the NFP report, as well as International trade, Private Payrolls, Unemployment data, Manufacturing payrolls, as well as earnings and workweek hour data.  Check back tomorrow for the most up to date mortgage news.  

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• 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%).