Mortgage Rates 02-16-16

By Lisa Robison Updated on 2/16/2016

The mortgage markets are continuing on the same road that they left off last Friday.  This could just be a consolidation effort after the rates fell sharply over the first part of February.  It could also mean a larger scale trend is beginning. The economic data that will be released this week could help bond markets decide their fate.  On top of this list this week is likely to be tomorrow's Industrial Production numbers, along with FOMC minutes later in the afternoon on Wednesday, followed by Thursday's Philly Fed Survey.  Other bits of data coming out this week are the NY Fed Manufacturing Data at 8:30am today, the NAHB Housing Market Index at 10:00am today.  Mortgage Market Index tomorrow, as well as Housing Starts, Building Permits, US PPI Final Demand MM, and the Capacity Utilization mm, Thursday we have the Initial Jobless Claims, and we end the week with CPI information.  Check back tomorrow for more up to date mortgage news. 

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• 30 year (FRM) rates at 3.66% +0.11%).
• 15 year (FRM) rates at 2.98% (+0.08%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.48% (+0.07%).
• 5/1 ARM rates at 2.87% (+0.02%).