Mortgage Rates 04-08-16 - Lender411.com

By Lisa Robison Updated on 4/8/2016

Bond markets have had a positive run ever since the March 2016 Fed meeting. The bond markets, particularly the 10 year yields, are approaching some important technical benchmarks, which, once broken through, will give us more faith that the trend will continue.  These marks are the resistance, and the maximum resistance lines, set at 1.67 and 1.72, respectively.  Fridays typically bring a squaring off of positions, with shorts covering and profit-taking for long positions.  Being the end of the week, the motivation today will likely be on a micro-level, rather than placing bets on long term predictions. Today, the rates are relatively flat, but we are not going to worry about it in the grand scheme of things. Check back here next week to get the most up to date mortgage news.

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• 30 year (FRM) rates at 3.64% (0.00%).
• 15 year (FRM) rates at 2.94% (0.00%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.55% (+0.03%).
• 5/1 ARM rates at 2.96% (+0.01%).