Mortgage Rates 05-04-16

By Lisa Robison Updated on 5/4/2016

Today was relatively uneventful in the mortgage market.  The overnight session brought very little movement in the bonds.  Upon the open in the domestic trading session, the ADP employment report came in weaker than was expected, which helped out bonds, but then some resistance was met when the inflation numbers on the ISM Non-Manufacturing data created some negative momentum.  Bonds continued to hold their ground, and rounded out the day climbing back up to some of the higher levels of the day.  It's safe to say that bonds have found some positive momentum, and that the trend of the past few days is indeed a trend.  There will likely be some anxiety in the markets leading up to NFP Friday.  Check back tomorrow for the latest mortgage market news and rates. 

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• 30 year (FRM) rates at 3.63% (-0.01%).
• 15 year (FRM) rates at 2.92% (-0.01%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.60% (0.00%).
• 5/1 ARM rates at 3.00% (-0.01%).