Mortgage Rates 10-19-15

By Lisa Robison Updated on 10/19/2015

Mortgage rates have dropped slightly across the board.  Today the release of NAHB data came in stronger than was expected.  Confidence among builders came in at 64, although the forecast came in 62.  This is the highest that it has been in ten years.  Bonds started selling shortly after the release of this report at 10:00am.  The overnight session brought about weakness in the bond markets, which looks like it was the result of the GDP in China.  Tomorrow we have the Roll Date for Ginnie Mae 30 year, as well as the release of Housing Starts and the number of building permits.  Wednesday this week brings The MMI (Mortgage Market Index and EIA weekly crude stocks, and then on Thursday the Initial Jobless Claims, Monthly Home Price, as well as Existing Home Sales reports.  There seems to be a consensus in the market that rates are going to indeed move higher as the year comes to a close.  Check back tomorrow to see the latest mortgage related news.      

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• 30 year (FRM) rates at 3.83% (-0.01%).
• 15 year (FRM) rates at 3.10% (0.00%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.60% (-0.01%).
• 5/1 ARM rates at 2.90% (-0.01%).