Mortgage Rates 04-05-16

By Lisa Robison Updated on 4/5/2016

Mortgage rates today are continuing on their downward trend.  With the exception of the 5/1 ARM, we saw rates drop just a bit from yesterday.  This latest rally has been going for about 3 weeks, and is looking similar to the rally that began 2016 which lasted for twice as long.  January provided more motivation to fuel the rally, so the jury is still out as to how long this one will last.  There may be more room to run, but not much more.  The technical aspects, looking at the US 10 year treasuries indicate the bonds are nearing the point of becoming overbought.  Today was the release of the International Trade data, as well as the ISM Non-Manufacturing PMI numbers.  Check back tomorrow for more up to date mortgage rates and updates.. 

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• 30 year (FRM) rates at 3.63% (-0.02%).
• 15 year (FRM) rates at 2.92% (-0.02%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.50% (-0.02%).
• 5/1 ARM rates at 2.96% (+0.01%).