Mortgage Rates 04-18-16

By Lisa Robison Updated on 4/18/2016

Bond markets are still working diligently to break the negative trend that ensued after the FOMC Announcement on March 16th.  In order to confirm this change, we are looking at the technicals this week.  The initial break-through range is 1.80 and 1.84 for the 10 year treasuries.  If we enter that range, it would be a positive sign.  If we break through the range, it would be a sign that we are heading into positive territory.  This week the focus will be on technical levels, and also there are several housing data reports this week.  Today brings the NAHB Housing Market Index, tomorrow we see the release of the Housing Starts and Building Permits.  Wednesday we have Existing Home Sales, and Thursday we have the Philly Fed Business Index and the Initial Jobless Claims.  Check back tomorrow for more news and up to date mortgage rates.

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• 30 year (FRM) rates at 3.64% (-0.02%).
• 15 year (FRM) rates at 2.94% (-0.02%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.58% (-0.01%).
• 5/1 ARM rates at 2.97% (-0.03%).