Mortgage Rates 10-17-16

By Lisa Robison Updated on 10/17/2016

Things in the bond markets have been slightly more positive in the last few days, but not positive enough to calm fears about the direction of the big picture.  Speaking of the bi bog picture, the bond market has been taking most of it's cues from the European trading patterns.  The German Bund and the UK Gilt are currently in the spotlight.  This week the Gilt had one of the sharpest sell-offs of the bundh, which pulled Bunds and US Treasury yields higher during the overnight trading session.  This week, as far as news goes. the big ticket item will be on Thursday, when Draghi should be making mention of the direction of the European bond buying program.  There has been talk that the program will be tapering off but nothing official has been released to that effect.  We expect a reaction in the markets if such an announcement occurs this week. Notable news coming out of the domestic presses is the CPI data scheduled for tomorrow.  Check back here for up to date news and mortgage rates. 

Bookmark this page for mortgage rates:

• 30 year (FRM) rates at 3.57% (-0.01%).
• 15 year (FRM) rates at 2.88% (-0.01%).
• FHA 30 year Fixed rates at 3.40% (+0.00%).
• Jumbo 30 year Fixed rates at 3.72% (-0.01%).
• 5/1 ARM rates at 2.90% (-0.01%