Mortgage Rates 02-26-16

By Lisa Robison Updated on 2/26/2016

Bond markets continue to be resilient amidst gains in oil and stock markets.  Bond markets have followed oil and stocks for much of 2016, however there are other considerations at play.  For example, when the Bank of Japan cut thier rates in the latter part of January, we saw this directly influence the bond market.  These last few weeks, we can also see that treasury markets are following in step with the German Bunds. In the upcoming week, the European Central Bank (ECB) announcement will take place.  Bonds will likely react to this news.  For now, the baseline for 10-year yields is 1.74.   Keep an eye on all three factors... oil, stocks, as well as the overseas markets.  Those are the central factors to date for 2016.  Check back on Monday for the most up-to-date mortgage news. 

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• 30 year (FRM) rates at 3.65% (+0.02%).
• 15 year (FRM) rates at 2.95% (+0.01%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.50% (+0.01%).
• 5/1 ARM rates at 2.96% (+0.02%).