Mortgage Rates 02-08-16

By Lisa Robison Updated on 2/8/2016

Mortgage rates are officially the lowest that they have been in a whole year.  This much movement in one day is very rate, and is only seen about 20 days of the year... if that.  Many 30 year fixed rates are offering quotes to top tier borrowers at 3.65%.  The message being heard across the mortgage market is that if you haven't locked already, now may be a good time to do so.  Economic data this week is especially light.  Tomorrow brings the Wholesale Inventories and the 3-Year Note Auction.  Wednesday brings the Mortgage Market Index, as well as the 10-Year Note Auction.  Thursday is the 30-Year Bond Auction, and then on Friday, likely the most important report of the week, we get the Retail Sales Report, as well as he Import Prices and the US U Michigan Sentient Preliminary report.  Check back tomorrow to get the most up-to-date mortgage news,        

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• 30 year (FRM) rates at 3.69% (-0.08%).
• 15 year (FRM) rates at 2.99% (-0.06%).
• FHA 30 year Fixed rates at 3.25% (-0.10%).
• Jumbo 30 year Fixed rates at 3.49% (-0.09%).
• 5/1 ARM rates at 2.90% (-0.09%).