Mortgage Rates 10-29-15

By Lisa Robison Updated on 10/29/2015

Mortgage rates are higher across the board today by a significant amount.  Yesterday's FOMC announcement did not help out the bond market.  The fact that the Fed is most likely to hike rates in December caught many off guard.  The statistics changed from a "one in three" chance of a December rate hike, to "over 50 percent" chance.  Gross Domestic Product data didn't come in as expected either today, and we also saw some distressing news from Germany.  The inflation rate is higher than expected.  Germany and Europe in general historically has had a large impact on rates in the US.  Mid-morning brought some risk for negative repricing.  Pending home sales data seemed to be overlooked in the wake of the other news. Check back tomorrow for more up-to date mortgage news.                

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• 30 year (FRM) rates at 3.84% (+0.04%).
• 15 year (FRM) rates at 3.15% (+0.01%).
• FHA 30 year Fixed rates at 3.60% (+0.10%).
• Jumbo 30 year Fixed rates at 3.67% (+0.04%).
• 5/1 ARM rates at 2.93% (+0.03%).