Mortgage Rates 10-02-15

By Lisa Robison Updated on 10/2/2015

What will Mortgage Rates do next week? Mortgage professionals are voting in our daily poll.

Mortgage rates continue to remain at record lows, despite the fact that the employment data came in weaker than expected.  This afternoon brought about a shift in the bond markets, which directly affect mortgage rates.  This may signal a mid-day re-price risk.  The major report of the week, which was the jobs report, presented evidence that indicates weakness in economic growth.  Without a strong economic outlook, the Fed will be hesitant to impose a rate hike in the near future.  Most lenders are comfortably offering 30 year fixed rates today at 3.75% or lower.  The fact that we haven't seen rates this low is indicitave of a good time to lock.  The near future has the potential to create some volatility, due to the fact that rates have broken through the floor of April's lows.  Check back Monday to see what rates do next. 

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.77% (-0.09%).
• 15 year (FRM) rates at 3.06% (-0.10%).
• FHA 30 year Fixed rates at 3.40% (-0.10%).
• Jumbo 30 year Fixed rates at 3.55% (-0.11%).
• 5/1 ARM rates at 2.91% (-0.03%).