Mortgage Rates 12-18-15

By Lisa Robison Updated on 12/18/2015

Today mortgage rates are lower still, as the short term market is experiencing a nice rally.  This is probably a result of defenses coming down a bit, and tensions easing about the Federal Reserve's announcement earlier in the week.  Bond markets are moving into the 21 day trading range, and getting back in line with where we had been since the middle of November.  Data this week has been light, and since the holidays are right around the corner, there is a natural impact in the trade flow.  The Fed rate hike has clearly not reached all corners of the market at this point.  January will likely be a stronger indicator of the lender reaction to the hike.  Today's calendar brings only a speech from Fed's Lacker, which isn't expected to be given the same weight as any other Fed news this week.  We are also awaiting an oil rig report, which will likely have very little impact to the markets.  Check back Monday for mortgage rate updates.    

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• 30 year (FRM) rates at 4.02% (-0.04%).
• 15 year (FRM) rates at 3.26% (-0.03%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.86% (-0.04%).
• 5/1 ARM rates at 2.98% (+0.01%).