Mortgage Rates 10-28-15

By Lisa Robison Updated on 10/28/2015

Mortgage rates are slightly lower today from yesterday.  Bond markets were weaker today coming off the overnight session, although still holding within the recent range.  European markets had very little influence on the US Treasury rates this morning.  At 10:00am today, the Oil prices climbed significantly.  This marks the largest jump in Oil markets for several months.  Bond markets felt the impact, and are now climbing back into stable ground. The 5 Year Note Auction is today, and the FOMC announcement is hot off the press, and indicates that they are still on target for a 0-1/4 percent target increase in the near future, provided that several economic markers continue to show improvement, and the employment and inflation rate hits a 2 percent growth mark.  Check back tomorrow to see what the bond markets do with this information.  Tomorrow we see the release of the Jobless Claims report, as well as the 7-year note auction.           

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• 30 year (FRM) rates at 3.83% (-0.01%).
• 15 year (FRM) rates at 3.11% (-0.01%).
• FHA 30 year Fixed rates at 3.50% (0.00%).
• Jumbo 30 year Fixed rates at 3.63% (-0.01%).
• 5/1 ARM rates at 2.90% (-0.02%).