Mortgage Rates 11-02-15

By Lisa Robison Updated on 11/2/2015

Mortgage rates are slightly lower than they were on Friday.  Bond markets are preparing for the FOMC to confirm their position in regards to the "alluded to" December rate hike. In fact, the main reason that the hike didn't happen as soon as September, was that weakness in China presented concerns over global economic weakness.  The only information that could throw the Fed's off of their current stance is the NFP report on Friday.  This week's economic reports include today's ISM at 10:00 am, Tuesday doesn't bring any significant news to the table. Wednesday we see the release of the ADP National Employment statistics, International Trade volume, and the 2-year note auction.  Thursday we see Initial Jobless Claims and Jobless Claims, and Friday is the NFP (Non-Farm Payroll) Report, along with Private Payrolls, Unemployment Data, Manufacturing Payroll, and Average Workweek Hours.  Check back tomorrow to get the latest in mortgage news.            

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• 30 year (FRM) rates at 3.90% (-0.01%).
• 15 year (FRM) rates at 3.19% (0.00%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.71% (-0.01%).
• 5/1 ARM rates at 2.94% (-0.01%).