Mortgage Rates 12-03-15

By Lisa Robison Updated on 12/3/2015

Mortgage rates have inched up today compared to yesterday.  The bond market made headline news by losing more ground in the last 24 hours on any single day since 2013.  There have been five separate alerts issued for negative re-price risk since the markets opened.  This is not a typical scenario.  We can conclude that the speeches from Yellen and Draghi had much to do with the bond sell-off.  More details are being released tomorrow about that, but there seems to be a strong correlation in timing.  The Non-Farm Payroll report gets released tomorrow, which is a big deal, so depending on the contents of the report, there may be more movement.  Tomorrow's reports include the Initial Jobless Claims, ISM N-Mfg Bus Act, ISM N-Mfg PMI, and the Factory Orders mm.  Check back here for more news tomorrow.                        

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• 30 year (FRM) rates at 3.96% (+0.01%).
• 15 year (FRM) rates at 3.22% (+0.01%).
• FHA 30 year Fixed rates at 3.70% (0.00%).
• Jumbo 30 year Fixed rates at 3.81% (+0.01%).
• 5/1 ARM rates at 2.97% (0.00%).