Mortgage Rates 03-01-16

By Lisa Robison Updated on 3/1/2016

The bond markets are continuing their sideways trek that has ensued recently.  The motivations for bond markets this year have largely been the Stock/Oil prices, as well as economic data, both domestic and overseas.  What we see happening is that while equities markets like oil and stocks are rising, we see the European bond yields have been falling, so there seems to be a virtual tug-of-war, and the result is flat for US Treasuries.  Historically speaking, the longer that rates stay sideways, the less likely they are to experience a definitive bounce in the opposing direction.  What we need is some clear motivation in either direction, which may come in the form of this week's ADP report coming out tomorrow, or possibly the NFP report on Friday.  Check back here tomorrow to get the most up to date mortgage news. 

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• 30 year (FRM) rates at 3.66% (-0.01%).
• 15 year (FRM) rates at 2.96% (-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 2.97% (-0.01%).