Mortgage Rates 11-12-15

By Lisa Robison Updated on 11/12/2015

The overnight session was uneventful coming off the Veterans Day market closure.  President Draghi of the European Central Bank (ECB) made some comments which boosted the bond markets, and treasuries followed as well.  Also coming out of the St Louis Fed were comments made by President Bullard, which basically stated that the U.S. was "entering an era of permanently lower inflation and interest rates" along with other comments indicating that industrialized countries may face rates near zero.  These comments spurred some rate bouncing in the European Markets.  At 9:30am, when additional liquidity came online at the New York Stock Exchange, bond markets improved slightly as well, with the top performers being 10 year and 30 year bonds.  Mortgage Backed Securities are not performing as well, but are still in the green.  Check back tomorrow for the most up-to-date mortgage news.      

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• 30 year (FRM) rates at 4.06% (0.00%).
• 15 year (FRM) rates at 3.27% (-0.01%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.87% (0.00%).
• 5/1 ARM rates at 3.01% (+0.03%).