Mortgage Rates 04-21-16

By Lisa Robison Updated on 4/21/2016

Rates today are officially at the new one-month high.  This week alone has brought the fastest rise in rates since the beginning of March.  If this trend continues tomorrow as well, this could be the worst week for mortgage rates since Nov 2015.  Lenders are offering up a mixed response, quoting at between a 3.625 and 3.75% for a conventional 30 year fixed rate loan in top tier situations.  Momentum is increasing at a steady pace, and so the bets are that it will continue, or possibly level off.  The bond market focus today has been focused pretty heavily on news coming out of the ECB.  Jobless Claims came in at 247k instead of the proposed 263k, and the Philly Fed Data was also weaker than expected at -1.6 instead of +8.9 forecasted.  Check back tomorrow for the most up to date mortgage news   

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• 30 year (FRM) rates at 3.73% (+0.04%).
• 15 year (FRM) rates at 3.00% (+0.03%).
• FHA 30 year Fixed rates at 3.30% (+0.05%).
• Jumbo 30 year Fixed rates at 3.64% (+0.04%).
• 5/1 ARM rates at 3.02% (+0.03%).