Mortgage Rates 12-02-15

By Lisa Robison Updated on 12/2/2015

Mortgage rates are significantly lower today across the board.  The bond markets are surging in the last two days as the tone around a Fed rate hike in December is changing slightly.  There have been some confusing comments coming out of the Fed.  Thursday's accommodation from the European Central Bank has also helped take the pressure off of the Federal Reserve.  The change in tone in the markets may be the result of weaker economic reports, such as the Chicago PMI on Monday, and the low ISM Manufacturing data.  Today we have two speeches from Yellen, and will be able to get more of an idea on the tone of the Feds heading into a possible hike.  We also see the release of the Mortgage Market Index,  ADP National Employment Data, Labor Costs and Productivity reports, as well as the ISM New York Index.  Check back tomorrow for more mortgage news.          

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• 30 year (FRM) rates at 3.95% (-0.05%).
• 15 year (FRM) rates at 3.21% (-0.04%).
• FHA 30 year Fixed rates at 3.70% (-0.05%).
• Jumbo 30 year Fixed rates at 3.80% (-0.05%).
• 5/1 ARM rates at 2.97% (-0.01%).