Mortgage Rates 04-20-16

By Lisa Robison Updated on 4/20/2016

Mortgage rates today have increased across the board.  The bond markets have been feeling the pressure over the last several days to make a move.   Bonds have been fairly resistant to change in the wake of rising stocks, oil prices, and the release of new corporate bond issuance.  Today's data released was the Existing Home Sales, which aren't typically a market mover.  Given this increase, lender rate sheets typically increase in increments of .125% or more, so it is very likely that lenders will be offering some sort of discount on lender fees or credit towards closing costs.  Being that the 10 year treasuries broke through the ceiling of 1.80, today may be a good day to consider locking your mortgage rate.  Check back tomorrow for the most up to date mortgage news. 

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• 30 year (FRM) rates at 3.69% (+0.05%).
• 15 year (FRM) rates at 2.97% (+0.03%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.60% (+0.02%).
• 5/1 ARM rates at 2.99% (+0.02%).