Mortgage Rates 05-19-16

By Lisa Robison Updated on 5/19/2016

Rates remained fairly unchanged today, which can be interpreted as a victory in the bond markets.  Two Fed speakers took the stage today,  Vice Chair Fischer and NY Fed President Dudley both spoke, and markets were waiting for either confirmation of Fed position, or a statement retracting their reference of a June hike.  To the relief of the bond markets, there was no mention of monetary policy from Fischer, and Dudley did confirm that a June rate hike was a possibility.  That message was enough to produce a rally following the announcement.  Until further notice, this at least gives traders some room to breathe before the next windfall.  Check back here tomorrow for more mortgage news and rates. 

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• 30 year (FRM) rates at 3.73% (-0.02%).
• 15 year (FRM) rates at 2.98% (-0.01%).
• FHA 30 year Fixed rates at 3.30% (-0.05%).
• Jumbo 30 year Fixed rates at 3.74% (-0.01%).
• 5/1 ARM rates at 3.05% (-0.02%).