Mortgage Rates 12-21-15

By Lisa Robison Updated on 12/21/2015

Mortgage rates continue to drop as the week starts out.  This week, being the holiday week, should be typically slow.  We do have plenty of data being released his week, so it will be interesting to see what has a bigger impact, the data, or the early close for the holidays.  Tuesday's GOP report seems that it might be a market mover, as well as Wednesday's Durable Goods and Income reports.  That would be the time to see any data-related impact this week.  Traditionally speaking, bond markets tend to fall flat at the close of the year.  Today, in terms of data, we see the release of the Existing Home Sales, GDP data, and the Monthly home price.  Tomorrow we have the Mortgage Market Index, Consumption, Personal Income, Durable Goods, New Home Sales, and the U Mich Sentiment reports, and Wednesday we see the Initial Jobless Claims.  Markets are closed Friday for the Holiday.  Check back tomorrow t o see that latest in the Mortgage Rate News.  

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• 30 year (FRM) rates at 4.02% (-0.02%).
• 15 year (FRM) rates at 3.25% (-0.01%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.84% (-0.02%).
• 5/1 ARM rates at 2.97% (-0.01%).