Mortgage Rates 10-21-15

By Lisa Robison Updated on 10/21/2015

Bond markets are doing well today compared to the overnight session, which has had an adverse effect on mortgage rates.  With limited domestic data being released, the trend for the past couple of days has been to follow the European Markets.  Today the European markets have been strong, thus helping out MBS and Treasuries. Oil prices have played an increasingly important role in the bond prices.  Those in the know are aware of the fact that oil process need to move up in order to set the stage for a higher path in rates.  We are still seeing the pattern of consolidation in preparation for next Wednesday's FOMC announcement.  Looking at the bond markets since the beginning of the month, they were following pretty closely with the stock markets, and over the past week or so, bonds and stocks have parted ways, with stocks staying relatively flat, and bonds bouncing around within a narrow range. Check back tomorrow for more up-to-date mortgage news.    

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.86% (+0.03%).
• 15 year (FRM) rates at 3.12% (+0.02%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.63% (+0.03%).
• 5/1 ARM rates at 2.92% (+0.01%).