Mortgage Rates 05-03-16

By Lisa Robison Updated on 5/3/2016

Today saw massive losses in Europe's Bank Stocks.  This set the tone for a great day for Domestic Bonds.  We saw the trading range go all the way down to a low of 1.782 before settling into a comfortable 1.80 to end the day.  Stocks and Oil lost ground today, and today's success in the bond market confirmed the doubts that we had been having over the last 24 hours about the momentum of the bond market.  The next few says will bring on a significant amount of data, with Friday being NFP day.  There may or may not be an impact from the Domestic data.  It seems like overseas happenings had the limelight today.  Check back here tomorrow for the most up to date mortgage news.  

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• 30 year (FRM) rates at 3.64% (-0.02%).
• 15 year (FRM) rates at 2.93% (-0.01%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.60% (-0.01%).
• 5/1 ARM rates at 3.01% (-0.01%).