Mortgage Rates 06-01-16

By Lisa Robison Updated on 6/1/2016

Today in the bond markets, we had an opposite cycle compared to yesterday.  We were stronger in the overnight session, but weaker as the day progressed.  Morning put us in a 2 week low, however, the release of the ISM Manufacturing data caused that strength to fade.  The report came in stronger than expected, especially the inflation component.  This should make the Fed's case for a hike in one of the coming meetings.  All in all, the rate sheets remained the same as the day closed out roughly unchanged. Check here tomorrow to get the most recent mortgage highlights. 

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• 30 year (FRM) rates at 3.70% (-0.02%).
• 15 year (FRM) rates at 2.96% (-0.02%).
• FHA 30 year Fixed rates at 3.30% (0.0%).
• Jumbo 30 year Fixed rates at 3.70% (-0.02%).
• 5/1 ARM rates at 3.03% (+0.03%).