Mortgage Rates 03-28-16

By Lisa Robison Updated on 3/28/2016

 

Bond markets are continuing on their sideways trend, seemingly looking for motivation.  This week the domestic reports should bring enough to push the bond yields in either direction.  Today was the release of the Consumption numbers, tomorrow we have the Case Shiller 20 mm, Consumer Confidence, and the 5 year note auction.  Wednesday we have the 7 year note auction, Thursday is the Initial Jobless Claims data and the Chicago PMI, and then Friday is the main event, with Non-Farm Payrolls, Private Payrolls, Unemployment Data, Manufacturing payrolls, Average Workweek Hours, ISM Manufacturing PMI, Construction Spending, and ISM Mtg Prices Paid. Along with these reports, we have also the fact that we are nearing month end.  Trade flow positions also tend to shift and change as months open and close, so that will be a key factor as well.  Check back tomorrow for more mortgage news and up to date mortgage rates.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.79% (0.00%).
• 15 year (FRM) rates at 3.05% (0.00%).
• FHA 30 year Fixed rates at 3.35% (0.00%).
• Jumbo 30 year Fixed rates at 3.64% (+0.01%).
• 5/1 ARM rates at 2.97% (+0.01%).