Mortgage Rates 12-11-15

By Lisa Robison Updated on 12/11/2015

Mortgage rates experienced a slight uptick today, although we are still in a narrow range on the week.  Today's market has brought about the largest rally that we've had all week, despite recent data.  The reason for today's rally is likely the significant weakness in stocks and oil, as well as the flight to the sidelines that we are seeing in Treasuries and MBS.  The current price on 10 year Treasury note is up 28 ticks for the day, and up 10bps for Treasuries.  Treasuries typically will set the tone for the rest of the market, whether we are taking about higher or lower.  Economic data was not impressive this week, and even in light of the Retail Sales report, trading today is likely to be the result of Treasury snowball rally in preparation for next week's imminent rate hike. Check back on Monday to get the latest in Mortgage Market news.         

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• 30 year (FRM) rates at 4.02% (+0.03%).
• 15 year (FRM) rates at 3.26% (+0.02%).
• FHA 30 year Fixed rates at 3.70% (+0.00%).
• Jumbo 30 year Fixed rates at 3.85% (+0.03%).
• 5/1 ARM rates at 3.00% (0.00%).