Mortgage Rates 10-12-15

By Lisa Robison Updated on 10/12/2015

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

Last week brought about a climb in mortgage rates, which apparently have leveled off as of last Friday.  There have been no significant reports released today being Columbus Day, and the banks and bond markets are closed.  Many lenders will also be closed today, so no rate sheet adjustments are being made.  Coincidentally this leveling off brings us to the highest rates we have seen in about a month.  The stocks and bond markets are at a crossroads currently, trying to decide whether or not to return to the range that we saw in June and July, or whether or not they will increase.  The probability is that they will move higher versus lower.  Tomorrow is the roll date for Freddie and Fannie 30 year fixed.  Check back tomorrow to see what that will look like,  but it is expected that they will be about 10 ticks lower than usual.  

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• 30 year (FRM) rates at 3.90% (+0.01%).
• 15 year (FRM) rates at 3.16% (0.00%).
• FHA 30 year Fixed rates at 3.55% (+0.05%).
• Jumbo 30 year Fixed rates at 3.68% (0.00%).
• 5/1 ARM rates at 2.94% (-0.01%).