Mortgage Rates 7-17-15

By Lisa Robison Updated on 7/20/2015

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

Mortgage rates are slightly lower than yesterday, except for the 5/1 Adjustabe Rate Mortgage, which has nudged up slightly.  Currently there are three factors that are influencing today's rates.  These factors all lie in domestic data, namely the Consumer Price Index, housing starts, and expectations of inflation.  The housing statistics released today indicated an increase in growth in the multi-family sector, however, the single family housing market has not seen the same growth.  This shift of focus to domestic data is due to the fact that Greece's impact on the domestic bond markets was barely notable. 

With the weekend approaching, it looks like we will finally be able to enjoy a bonafide "weekend".  Headlines such as the Greek referendum, and the EU Summit have dominated headlines over the last two weekends.  Trading volumes are light today, and are trading in a narrow range.    

 

• 30 year (FRM) rates at 4.08 (-0.01%).
• 15 year (FRM) rates at 3.26% (-0.01%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.85% (-0.01%).
• 5/1 ARM rates at 3.08% (+0.02%).