Mortgage Rates 12-30-15

By Lisa Robison Updated on 12/30/2015

Mortgage rates are slightly higher today, with the exception of the FHA 30year fixed rates, which have remained static.  Today there isn't much relevant data, with the exception of the 7 year note auction, which will mark the end of the week in the grand sense, considering the half day tomorrow and market closure tomorrow.  Of notable interest is the fact that yesterday, Treasuries performed the worst that they have been all month.  We hope that this is not an indicator of weakness going into January.  It seems that the year-end often not the best place to look for trends, as there tends to be a lighter market and fewer participants, coupled with end-of-year housekeeping.  Another thing to keep in mind is that the first few months of the New Year will see some pressure on the bond markets, depending on how strong the economic data comes in.  There may be an idea that, if global and domestic data comes in strong POST Fed Hike, rates may be inclined to raise to accommodate that strength.  Aside from that speculation, we give little attention to end of year data, as it tends to be less relevant in the big picture at this time of year.  Check back tomorrow to get the most up to date mortgage news. 

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• 30 year (FRM) rates at 4.11% (+0.02%).
• 15 year (FRM) rates at 3.30% (+0.01%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.93% (+0.01%).
• 5/1 ARM rates at 3.02% (+0.03%).