Mortgage Rates 02-02-16

By Lisa Robison Updated on 2/2/2016

The recent bond rally has pushed mortgage rates even lower, which is a good thing, but also at the same time has everyone wondering when this good news is coming to an end.  If we compare January 2016 to January 2015, we see some striking similarities.  The behavior int he 10 year yields, for example, is very similar in the pattern.  Granted, this was in the midst of the European QE drama.  The next few days will be critical in determining whether or not we are heading down the same dark path.  The outlook is calling for higher rates, but with the Feds tightening cycle, as well as the global economic fallout, we aren't exactly in a climate that supports rising borrowing costs.  

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.77% (-0.03%).
• 15 year (FRM) rates at 3.07% (-0.02%).
• FHA 30 year Fixed rates at 3.40% (-0.05%).
• Jumbo 30 year Fixed rates at 3.58% (-0.04%).
• 5/1 ARM rates at 3.02% (-0.04%).