Mortgage Rates 03-21-16

By Lisa Robison Updated on 3/21/2016

Mortgage rates are starting the week out higher.  This is due to the fact that oil and stocks have climbed higher since last week. This rate increase is creating doubt as to whether or not last week's shift is a legitimate bounce or not.  Last week four out of five days were days in which the rates were falling, after rising pretty sharply in the previous two weeks.  Part of the rate increase could be to do with the fact that this is a short trading week, and there could be the concern of increased demand to lock ahead of the long holiday weekend.   The markets will be closing at 2pm EST on Thursday and will remain closed until Monday.  In terms of domestic data this week, today we have the Existing Home Sales, tomorrow we have the Monthly Home Prices, Wednesday we see the release of the Mortgage Market Index and the New Home Sales, and Thursday we have the Durable Goods and Initial Jobless Claims.  Check here tomorrow for the most up to date mortgage rates and news.         

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• 30 year (FRM) rates at 3.77% (+0.02%).
• 15 year (FRM) rates at 3.04% (+0.02%).
• FHA 30 year Fixed rates at 3.35% (+0.05%).
• Jumbo 30 year Fixed rates at 3.63% (+0.03%).
• 5/1 ARM rates at 3.00% (-0.02%).