Mortgage Rates 03-18-16

By Lisa Robison Updated on 3/18/2016

Bond markets had to find thier own sense of inspiration today, due to the lack of domestic data.  The bond markets are trying to confirm that  the shift in direction will be ongoing.  At this point we have had five consecutive days of lower closing yields in the treasury markets, and five consecutive days of mortgage backed sucurities closing higher.  The Fed announcement on Wednesday precipitated the majority of movement.  We began the weeks with the weakest levels in two months, and ended it with a rally that extended out to stocks and bonds.  The Fed's apparent loosening of policy was the major fuel for the rallying across the board.   Check back next week to see if the momentum keeps up, as well as for the most up-to-date mortgage rates. 

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• 30 year (FRM) rates at 3.75% (-0.01%).
• 15 year (FRM) rates at 3.02% (-0.01%).
• FHA 30 year Fixed rates at 3.30% (-0.02%).
• Jumbo 30 year Fixed rates at 3.60% (-0.00%).
• 5/1 ARM rates at 3.02% (+0.02%)