Mortgage Rates 7-15-15

By Lisa Robison Updated on 7/15/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.

Mortgage rates have dropped slightly since yesterday. however, but today is scheduled to be a chaotic day , with the schedule of data to be realeased, and potential for headlines coming out of Greece.  Domestic data has been an instigating factor for movement, as well as PPI and Industrial Production.  These reports are being released at 8:30am and 9:15am, respectively.  

At 10:00am, Yellen is scheduled to begin her two-day congressional testimony.  Depending on the content of these speeches, they have the ability to move markets, similar to Federal Policy changes.  The probability is that today's speech won't have a lasting impact, but the possibility is there.  As long as there are not any indicators of unexpected policy changes, we are in the clear.  Historically, news out of Greece has had a direct correlation to the bond markets, but by and large doesn't account for the big picture.  

• 30 year (FRM) rates at 4.12 (-0.03%).
• 15 year (FRM) rates at 3.30% (-0.02%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.89% (-0.04%).
• 5/1 ARM rates at 3.07% (-0.03%).