Mortgage Rates 03-14-16

By Lisa Robison Updated on 3/14/2016

Mortgage rates have inched up today, and we expect to see some consolidation as we head into a big ticket week for the mortgage markets.  The fun starts tomorrow with the Bank of Japan releasing its own announcement regarding policy.  Then we have the FOMC minutes coming into play on Wednesday.  On tap in the domestic data calendar we see the release of the Retail Sales report tomorrow, along with the NY Fed Manufacturing data, and the NAHB housing market index.  Wednesday we see the Housing Starts, Building Permits, CPI mm, and the highly anticipated FOMC rate decision.  Thursday of this week we have the release of the Philly Fed Business Index and Initial Jobless Claims report.   Friday we have a light day, with only the US S Mich Sentiment Prelim.  So far, March has been the worst month in terms of the bond markets in 2016, but we could see a push in either direction in reaction to this week's events.  Check back tomorrow for the latest mortgage news.     

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• 30 year (FRM) rates at 3.83% (+0.01%).
• 15 year (FRM) rates at 3.09% (+0.01%).
• FHA 30 year Fixed rates at 3.35% (0.00%).
• Jumbo 30 year Fixed rates at 3.65% (+0.01%).
• 5/1 ARM rates at 3.06% (+0.01%).