Mortgage Rates 8-19-15

By Lisa Robison Updated on 8/19/2015

What are rates going to do tomorrow? Mortgage professionals are voting in our daily poll.

Today marks the release of FOMC Minutes.  The Fed added a key wond, the word "some" into the phrasing that discusses how much movement in the labor market is needed to precipitate the rate hike.  Any communication coming out ot the Fed these days is being scrutinized, and markets seem to be consolidating in anticipation of the next Fed meeting.  The release of today's minutes will likely cause a huge reaction in the markets,  Today's rates have experienced some notable fluctuations this morning  following CPI data.  Bond sales were stagnant for a while. Oil prices dropped following the 10:30am release of inventory data. All "risk-related" (i.e. bond yields, oil prices, and stocks) got pulled downward, and as as result, we are back in positive territory.  

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• 30 year (FRM) rates at 4.01% (+0.02%).
• 15 year (FRM) rates at 3.25% (+0.02%).
• FHA 30 year Fixed rates at 3.70% (+0.05%).
• Jumbo 30 year Fixed rates at 3.80% (+0.02%).
• 5/1 ARM rates at 3.00% (+0.02%).