Mortgage Rates 10-15-15

By Lisa Robison Updated on 10/15/2015

Mortgage rates have dropped today, due to weakness in the bond markets.  Treasuries are doing better today than Mortgage Back Securities, and this is also due to the weaker economic statistics that have been hitting the market recently.  Yesterday's PPI report, which measures Producer Price Index, came in with several aspects of the report showing historically bad news while today's CPI (Consumer Price Index) report came in moderate.  It stands to reason that the consumer view of things will eventually reflect the same view as the PPI, which is what usually happens.  Today also marks the release of the Philly Fed at 10:00am.  Neither of these reports typically move markets.  There doesn't seem to be any negative repricing risk today, and bonds and stocks appear on a grand scale seem to be moving away from last week's turn-around.  Check back tomorrow for more up to date mortgage news.  

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• 30 year (FRM) rates at 3.83% (-0.04%).
• 15 year (FRM) rates at 3.09% (-0.04%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.60% (-0.05%).
• 5/1 ARM rates at 2.91% (-0.02%).