Mortgage Rates 03-15-16

By Lisa Robison Updated on 3/15/2016

In the domestic markets, we have the release of the Retail Sales Report, as well as the NY Fed Manufacturing data, and the NAHB Housing Index.  In bigger news today, as we opened the day, we were feeling the global reaction to the Bank of Japan policy announcement.   The tone of the announcement was that there wasn't going to be any immediate policy easing, but that possibly at some point in the future there would be some loosening of policy in the Japanese financial markets.  With the announcement, we opened the domestic day in a dull mood for equities markets.  Bond markets are slightly improved so far.   The real focus this week will be tomorrow's FOMC announcement, so we are expecting that the bond markets are holding tight until then to make any major moves.  Check back tomorrow for the most up to date 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 3.02% (-0.03-%).