Mortgage Rates 05-05-16

By Lisa Robison Updated on 5/5/2016

Bond markets are close to the lower range of recent trading levels, thanks to the momentum that has been in place for the last several days.  Not even the issuance of a hefty amount of corporate debt could sway the bond markets from their intent on moving lower.  It seems that there weren't any more sellers left in the bond markets after this morning's corporate bond issuance. There wasn't any movement in the oil and stock arenas, and so it would seem that the motivation today were purely organic.  Mortgage Backed Securities underperformed today, and the spotlight will be set on the Non-Farm Payroll report tomorrow, which tends to be a market mover.  Check back here tomorrow for the most recent mortgage news and for the most updated mortgage rates. 

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• 30 year (FRM) rates at 3.63% (0.00%).
• 15 year (FRM) rates at 2.92% (0.00%).
• 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 2.99% (-0.01%).