Mortgage Rates 06-02-16

By Lisa Robison Updated on 6/2/2016

Today the focus was the European Central Bank, which confirmed a position which is very bond-friendly.  The ECB stated that rates will stay where they are at, or move lower through the end of their bond buying program (scheduled to end in March 2017.)  Following this announcement, rates rallied in Europe, and domestic yields followed.  After the close of the overseas trading session, bonds flattened out, possibly with the help of stocks and oil.  Heading into NFP report time, bonds have been floating on the lower side of the recent range of 1.81 to 1.89 over the last two weeks.  Check back tomorrow for more updates, and for the current mortgage rates. 

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• 30 year (FRM) rates at 3.71% (+0.01%).
• 15 year (FRM) rates at 2.97% (+0.01%).
• FHA 30 year Fixed rates at 3.30% (0.00%).
• Jumbo 30 year Fixed rates at 3.71% (+0.01%).
• 5/1 ARM rates at 3.05% (+0.02%).