Mortgage Rates 12-14-15

By Lisa Robison Updated on 12/14/2015

As we head into the Fed Announcement in only two days,, things are getting more volatile.  Friday's snowball effect is now giving way to some investors who were forced out of the market to re-establish their trading positions.   It is a pretty solid consensus that the Fed's initial plan for a quarter percent hike that was intended for August will now come to fruition.  It is still unclear as to what investors will do with that information, but that is to be foreseen.  The aforementioned hike is setting the tone for this week, and unless we see a substantial weakness in the global economy in the next two days, the plan will likely follow through.  Many mortgage professionals are already moving to "price in" to such a change in rates, This week's economic data on calendar is as follows: Today we have the release of Cope CPI data, NY Fed Manufacturing data, and the NAHB Housing Market Index.  Tomorrow we see the MMI, Housing Starts ans Permits, Industrial Output, Capacity Utilization, and the FOMC decision.  Thursday we have the Philly Fed Business Index, and the Initial Jobless Claims.  Check in tomorrow for the most up-to-date mortgage rates.  

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.98% (-0.04%).
• 15 year (FRM) rates at 3.23% (-0.03%).
• FHA 30 year Fixed rates at 3.65% (-0.05%).
• Jumbo 30 year Fixed rates at 3.82% (-0.03%).
• 5/1 ARM rates at 3.02% (+0.01%).