Mortgage Rates 10-16-15

By Lisa Robison Updated on 10/16/2015

Bond markets are preparing for the big Federal Reserve Meeting in a little over a week.  What this looks like is what is called "consolidation", which means that the trading is occurring within an increasingly narrow range.  The boundaries for the highs and lows get closer and closer together.  The overnight trading was uneventful, and opened up the day in slightly stronger territory, but heading into weaker levels.  The release of the Industrial Production report and the Consumer Sentiment report didn't offer much reprise to the bond markets.  There was an alert issues at 11:44am this morning warning that a negative reprice risk was nearing.  Bonds are preparing for the end of month, and are showing more independent strides apart from the equities markets.  Check back next week to see what the MBS markets are doing, and the up-to-date mortgage rates. 

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• 30 year (FRM) rates at 3.84% (+0.01%).
• 15 year (FRM) rates at 3.10% (+0.01%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.61% (+0.01%).
• 5/1 ARM rates at 2.91% (0.00%).