Mortgage Rates 7-22-15

By Lisa Robison Updated on 7/22/2015

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

Mortgage rates have moved down slightly from yesterday,  The amount of applications being submitted has slowed down.  According to the Mortgage Bankers Associations Market Composite Index, the week ending July 17 barely changed from the previous week.  The Refinance Index was up one percent from the previous week.  The government portion of applications rose slightly.  FHA loans and VA mortgages rose, and the UDSA applications remained consistent.    Even with the application slow-down, The Pending Home Sales index is forecasting a monthly estimate of 5.4 million sales. If it manages to beat 5.44 million, this will be the hightest since 2006.  

Bond Market information is scheduled to be released at 10:00am, and the factors affecting bonds these days is likey to be corporate debt issuance and volatility in the stock market.  

 

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• 30 year (FRM) rates at 4.06% (-0.02).
• 15 year (FRM) rates at 3.24% (-0.02).
• FHA 30 year Fixed rates at 3.75% (-0.00).
• Jumbo 30 year Fixed rates at 3.83% (-0.2).
• 5/1 ARM rates at 3.08% (-0.03).