Mortgage Rates 12-04-15

By Lisa Robison Updated on 12/4/2015

Mortgage rates have had quite a volatile day today.  Today the Non-Farm Payroll report was released, and actually came in stronger than anticipated.  The median forecast was 200K, and the actual numbers came in at 211k.  Wage growth slowed down from +0.4 to +0.2.  Unemployment numbers were steady at 5.0 percent.  The initial market reaction was negative for bonds, but they have been steadily improving since.  Oil prices dropped suddenly as well, which served the bond markets today as well.  The NFP report made considerable impact considering yesterday's commentary from Draghi.  In a nutshell, Draghi reiterated the market dynamics of the QE era.  Due to the fact that the shorter term yields are moving slower than Treasuries, we can safely assume that today's bond movement can be attributed to some relaxing from yesterday's panicked news.  Check back here on Monday to get the latest in Mortgage news.                               

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• 30 year (FRM) rates at 4.03% (-0.04%).
• 15 year (FRM) rates at 3.25% (-0.03%).
• FHA 30 year Fixed rates at 3.72% (-0.03%).
• Jumbo 30 year Fixed rates at 3.85% (-0.05%).
• 5/1 ARM rates at 2.98% (-0.03%).