Mortgage Rates 02-17-16

By Lisa Robison Updated on 2/17/2016

Today's rates are slightly higher than yesterday.  This could be confirmation of the supposed "bounce" that is being talked about, or it could also be a reaction to something else.  US Equities markets are trying to catch up to the Asian equities markets, which are currently up 10% from last Thursday's close of business.  US equities markets are up only 4%, The second factor to consider was the corporate debt issuance yesterday.  Apple alone brought a hefty $12 billion in debt to the market, and along with other companies, we saw over $20 billion just yesterday.  Bond markets are holding their ground amidst this data.  More time will be needed to really confirm whether or not this is a legitimate bounce or not.  Check back here tomorrow for the most up to date mortgage related news. 

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• 30 year (FRM) rates at 3.69% (+0.03%).
• 15 year (FRM) rates at 2.99% (+0.01%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.52% (+0.04%).
• 5/1 ARM rates at 2.90% (+0.03%).