Mortgage Rates 7-27-15

By Lisa Robison Updated on 7/29/2015

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

Mortgage rates have climbed across the board today.  There was talk about reaching the strongest levels in three weeks, but the last few days have shifted away from that.  The key motivating factors for  traders is to adjust ahead of the Fed, while also taking into conderation the corporate debt issuance.  The release of economic data was uneventful this morning.  The amount of homes pending sale was less than expected, and the bond markets didn't do anything in consideration of  that news.  The New York Stock Exchange opening at 9:30 improved bond markets, however.  

As the day unfolds, the 5 year treasury auction is set for 1pm and the Fed is announcement is at 2pm today and this may spur some re-pricing.  The minutes from today's meeting are set to be released on August 19th, and whatever comes from the meeting will be a precurser to the prposed rate hike in September.  

 

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• 30 year (FRM) rates at 4.02% (+0.01).
• 15 year (FRM) rates at 3.21% (+0.01).
• FHA 30 year Fixed rates at 3.75% (-0.00).
• Jumbo 30 year Fixed rates at 3.79% (+0.01).
• 5/1 ARM rates at 3.04% (+0.02).