Mortgage Rates 10-08-15

By Lisa Robison Updated on 10/8/2015

What will rates do Friday?? Mortgage professionals are voting in our daily poll.

Mortgage rates today have inched up across the board, with the exception of the FHA 30-year fixed rate, which has remained the same.  Lately bonds have been working along a pattern of correction that stems from the weakness in the stock market from last month.  The classic features of this type of correction include a couple of hallmarks.  For one, the trading range all week has been increasingly narrow.  Further, stock prices and bond proces have been rising together, in a classic "risk-on" move.  Typically this type of correction precedes a bigger event, which is very likely the 2pm release of FOMC minutes.  Bond markets have weakened at a steady pace leading up to the minutes release.  The 30-year bond auction didn't seem to do much in the way of swaying today's trend.  Check back tomorrow to see what mortgage rates will do next. 

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• 30 year (FRM) rates at 3.87% (+0.01%).
• 15 year (FRM) rates at 3.15% (+0.01%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.65% (+0.01%).
• 5/1 ARM rates at 2.92% (+0.01%).