Mortgage Rates 7-24-15

By Lisa Robison Updated on 7/24/2015

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

Mortgage rates have nudged downward again today. This is the 4th day in a row that bond trading has been sparce. Treasury yields are holding around the same range. The most significant data today was the release of the Jobless Claims. They came in at the lowest levels since 1973! This beat the forecasted number by 25 thousand. This is thought to be a bad thing for the bond markets, however bonds actually improved slightly.

Bonds started selling today with forex markets made big moves, as well as the IMF report that discussed currency valuiation and QE efforts. There is still some uncertainty as to other factors that may motivate markets today, and create a significant break. Investors are looking at economic cycles, and wondering when this one will change.

 

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• 30 year (FRM) rates at 4.03% (-0.01).
• 15 year (FRM) rates at 3.22% (-0.01).
• FHA 30 year Fixed rates at 3.75% (-0.00).
• Jumbo 30 year Fixed rates at 3.80% (-0.00).
• 5/1 ARM rates at 3.02% (-0.01).