Mortgage Rates 10-05-15

By Lisa Robison Updated on 10/5/2015

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

Mortgage rates have risen sharply today, after the release of Friday's Non-Farm Payroll data.  There haven't been any significant happenings in the bond market since Friday's data, and it appears that stocks and bonds are following the same pattern.  Today was the release of the ISM non-manufacturing data, which came in weaker than expected.  Markets didn'e seem to blink an eye, however.  It appears that last week's rally triggered a knee-jerk reaction, and when markets tend to be over-bought, or over-sold for that matter, what we are seeing today is the after-affect of that.  Rates started off earlier in the day going nicely, then took a sharp turn for the worst.  Coming up tomorrow is the release of International Trade data, as well as the 3-year note auction.  Check back tomorrow to see what rates to next.

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• 30 year (FRM) rates at 3.86% (+0.09%).
• 15 year (FRM) rates at 3.14% (+0.08%).
• FHA 30 year Fixed rates at 3.50% (+0.10%).
• Jumbo 30 year Fixed rates at 3.64% (+0.09%).
• 5/1 ARM rates at 2.92% (+0.01%).