Mortgage Rates 05-31-16

By Lisa Robison Updated on 5/31/2016

Bond markets started the day out in weaker territory as the reaction from Yellen's Friday comments was felt.  In the afternoon, however, a rally ensued after the results of the Brexit poll were released.  This poll was previously mentioned by Fed speakers and one that would be the deciding factor on whether to hike sooner than later.  After the results of the poll were released, the Euro markets were first to rally.  US Markets followed shortly thereafter. This rally was a relief, as bonds have been very sideways for the last 8 consecutive days.  The day ended up 3 ticks, which was seen as a small victory.  Check this page tomorrow for the most up to date mortgage news and rates.    

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• 30 year (FRM) rates at 3.72% (0.00%).
• 15 year (FRM) rates at 2.98% (-0.01%).
• FHA 30 year Fixed rates at 3.30% (0.00%).
• Jumbo 30 year Fixed rates at 3.72% (-0.01%).
• 5/1 ARM rates at 3.00% (+0.01%).