Mortgage Rates 7-20-15

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 have continuing to drop, and are expected to shift around within a narrow range.  We expect to see this type of movement due to light liquidity.  Liquidity is the availability of sellers and buyers interested in obtaining a loan at the preferred pricing.  Mortgage Backed Securities and Treasuries have been getting better since about 9:45am.  

Trading has been lighter than usual due to the summertime travel bug.  June fridays have historically been the busiest times for travel, which means that there are fewer players in the game.  This accounts for the volatility, since fewer dollars are controlling the markets.  

Check back Wednesday for ADP National Employment, ISM Manufacturing PMI, and construction spending; Thursday for non-farm payrolls, private payrolls, June's unemployment rate, initial jobless claims, and ISM-New York index.

 

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.07% (-0.01).
• 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% (-0.01).
• 5/1 ARM rates at 3.07% (-0.01).