Mortgage Rates 03-22-16

By Lisa Robison Updated on 3/22/2016

Mortgage rates today remain largely unchanged on the day, as bond markets are looking to prove or disprove the direction rates will take.  Last week, we saw the rates fall for several days ina row, then reversed direction.  The stock and bond markets both lost some footing at the same time, which demonstrates that there is some divergence from the typical "stock lever" phenomenon that we are accustomed to seeing.  This indicates that the inspiration for bond is not the technical data, but that trade flow is in control of the bond markets.  There is still the possibility of the rates to continue on the downward trend, but it is looking less likely as we are still in a limbo state.  In terms of data this week, the biggest market mover is likely to be Thursday's Durable Goods report.  Check back here tomorrow for the most up to date mortgage news.    

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• 30 year (FRM) rates at 3.79% (+0.02%).
• 15 year (FRM) rates at 3.06% (+0.02%).
• FHA 30 year Fixed rates at 3.35% (0.00%).
• Jumbo 30 year Fixed rates at 3.63% (0.00%).
• 5/1 ARM rates at 3.00% (0.00%).