Mortgage Rates 8-17-15

By Lisa Robison Updated on 8/17/2015

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

Mondays in summer are typically pretty uneventful, but not today. Mortgage rates are responding to some data emerging from the first reports of the day.  The Empire State Manufacturing data released this morning came in at a 6 year low.  The forecast was +5.0, and actual numbers were at -14.92.  This data measures Inventories, Shipments, and New Orders.  There was a steady decrease in the employment component of the data as well.   Most of the buinesses surveyed reported a decline in number of employees on the 6 month outlook.  The reaction was strong and immediate in the bond markets.  Even with the strong Homebuilder Confidence data released by the NAHB, and the gains seen in the equities markets, this Manufacturing data has dominated the markets today.  

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• 30 year (FRM) rates at 4.00% (+0.01%).
• 15 year (FRM) rates at 3.25% (+0.02%).
• FHA 30 year Fixed rates at 3.75% (+0.00%).
• Jumbo 30 year Fixed rates at 3.80% (+0.02%).
• 5/1 ARM rates at 2.97% (0.00%).