Mortgage Rates 02-18-16

By Lisa Robison Updated on 2/18/2016

 Mortgage rates today are again higher, which is making this recent trend look less like a "healthy correction" and more like a legitimate bounce.  In 2016 so far, the global financial system has been moving in unison, both in the way of peaks and valleys.  By global financial system, we are referring to the S&P, Germany's DAX blue chip index, Nymex Oil Prices, and the 10 year yields.  The shift in the market that has been occurring over the last several days has been the most concerning, but as long as we can stay under 1.84% in the 10 year yields, we are still in the clear.  In the technical sense, things are not looking good for bonds.   Today's trading levels have been strong, so tomorrow will provide a more clear indication of what is happening in the bond markets.  Today's data brings the Philly Fed Business Index, as well as the Initial Jobless claims.  Check back tomorrow for more mortgage news.  

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• 30 year (FRM) rates at 3.71% (+0.02%).
• 15 year (FRM) rates at 3.00% (+0.01%).
• FHA 30 year Fixed rates at 3.30% (+0.05%).
• Jumbo 30 year Fixed rates at 3.55% (+0.03%).
• 5/1 ARM rates at 2.91% (+0.01%).