Mortgage Rates 10-14-15

By Lisa Robison Updated on 10/14/2015

Mortgage rates started the day strong today, thanks to the Retail Sales Report and the PPI Report, both released today.  The massive amount of corporate bond issuance isn't even swaying the bond markets today.  Today bond prices surprisingly moved even lower than stock prices.  Not too long ago, a couple of weeks, in fact, bonds were following stocks around, but this is not the case as of late.  The motivation for the positive bond news comes from the fact that the economic data came in weaker than expected.  This is good news also in terms of the Fed chances of imposing a hike in the near future.  There is speculation in recent data that the economy may be taking a turn for the worst.  For now, bond markets are capitalizing on this data, but that doesn't mean that this is a long term trend.  Tomorrow brings the CPI Report, NY Fed Manufacturing, Initial Jobless Claims, and Philly Fed Business Index.  Check back Thursday to see what mortgage rates do next.   

               

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.87% (-0.03%).
• 15 year (FRM) rates at 3.13% (-0.03%).
• FHA 30 year Fixed rates at 3.50% (-0.05%).
• Jumbo 30 year Fixed rates at 3.65% (-0.03%).
• 5/1 ARM rates at 2.93% (-0.01%).