Mortgage Rates 11-17-15

By Lisa Robison Updated on 11/17/2015

Last week brought a good run of gains in the bond market, where rates rose quickly, but then started to level off.  We have seen four consecutive days of lower interest rates, although the changes day over day are modest.  Rates are slightly lower today compared to yesterday, but this is probably just a typical consolidation effort.  This is typical after large moves in either direction.  Many lenders are offering 30 year fixed rates in the area of 4.0%, although some are still quoting at 4.25%.  What is likely to happen, going from the Federal Reserve's current standpoint, is that rates will very likely increase in December, so the mortgage rates are likely to start pricing in that territory in preparation for that move.  Economic data is still important, as this is the basis for the Fed's stance, so it is still relevant to be watchful of the reports making their way to light.  Tomorrow we see the release of Core CPI Data and the NAHB housing market data.  Check back tomorrow for the most recent mortgage news        

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• 30 year (FRM) rates at 4.01% (-0.02%).
• 15 year (FRM) rates at 3.23% (-0.01%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.83% (-0.01%).
• 5/1 ARM rates at 2.99% (-0.01%).