Mortgage Rates 05-23-16

By Lisa Robison Updated on 5/23/2016

Bond markets start the week .  They haven't made any significant moves since last Wednesday's FOMC announcement.  The domestic data on tap was light today, and the market has very little motivation at this point.  In fact, the information coming out of the Fed today seems a bit contradictory to the message that we got last week,  Two key points were made today by Fed Speaker Williams.  One being that the Fed could be waiting for the Brexit vote before they hike, and two, that the fed was not likely to impose back-to-back rate hikes.  If the Fed waits for the Brexit vote, they literally cannot avoid three back-to-back hikes in a row this year.  Bond markets seem to be looking to Europe for motivation, as US Bonds recovered just as the Euro markets closed.  Check back here tomorrow for the most up to date mortgage news and rate update.  

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• 30 year (FRM) rates at 3.72% (-0.01%).
• 15 year (FRM) rates at 2.99% (+0.01%).
• FHA 30 year Fixed rates at 3.30% (0.00%).
• Jumbo 30 year Fixed rates at 3.73% (-0.01%).
• 5/1 ARM rates at 3.01% (-0.02%).