Mortgage Rates 12-16-15

By Lisa Robison Updated on 12/16/2015

Today marked the day for the FOMC announcement.  As anticipated, the decision was to impose a 1/4 percent rate increase, citing economic data and projected increase in the overall growth of the economy in coming months.  There have already been several negative repricing alerts issued since he decision came into light, and the bond markets have been showing weakness.   Coming into the day, the bonds were at the weakest levels since back in July.  Mortgage rates, in response are at the highest point since July as well.  The last several months since the last FOMC announcement have been more volatile than usual.  Instead of seeing gradual increases and decreases, there have been swift changes in either direction.  Many lenders are already pricing in these changes, some more conservatively than others. Not that it really matters much in light of today's events, tomorrow brings the Philly Fed Business Index.  Check back tomorrow to get the most up-to date mortgage news.           

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• 30 year (FRM) rates at 4.08% (+0.04%).
• 15 year (FRM) rates at 3.30% (+0.03%).
• FHA 30 year Fixed rates at 3.75% (+0.05%).
• Jumbo 30 year Fixed rates at 3.91% (-0.05%).
• 5/1 ARM rates at 3.00% (+0.01%).