Mortgage Rates 11-13-15

By Lisa Robison Updated on 11/13/2015

Mortgage rates have lowered across the board, with the exception of the 5/1 Adjustable rates, which inched up 0.01%  This is due to some help from oil prices and equity markets.  The last five days have seen an upward trend, which may be more than "just" a correction from the 11/6 NFP report.  This is, of course a short term trend.  It appears as though the consensus is that we expect to see a hike in December, barring some major economic catastrophe.  Retail Sales data released today produced a small rally, but nothing of substance.  In the longer  term prediction, it's anyone's guess as to what rates will do.  Some think that the economy can't support an increase in rates, and some think that an increase in rates is inevitable. For now, we are still in post-NFP consolidation mode.  Check back Monday to see what rates do next.        

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.04% (-0.02%).
• 15 year (FRM) rates at 3.25% (-0.02%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.85% (-0.02%).
• 5/1 ARM rates at 3.02% (+0.01%).