Mortgage Rates 8-12-15

By Lisa Robison Updated on 8/12/2015

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

Mortgage rates have dropped a bit today from yesterday, mainly due to international news coming out of China.  United States Treasuries rallied after China announced that it would allow market forces to assist in determining the value of the yuan in foreign exchange markets.  Many of the country's East Asian neighbors currencies fell in response.  In the US interest rate market, volitility has picked up in response.  Local news, such as nonfarm productivity, the 3 year note auction, and unit labor costs had little impact in comparison.   The MBA's Mortgage Index has stayed level, and we are anticipating the release of Job Openings data, as well as a 10-year note auction worth $24 billion.   

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• 30 year (FRM) rates at 3.95% (-0.05%).
• 15 year (FRM) rates at 3.21% (-0.03%).
• FHA 30 year Fixed rates at 3.65% (-0.10%).
• Jumbo 30 year Fixed rates at 3.74% (-0.05%).
• 5/1 ARM rates at 2.98% (-0.02%).