Mortgage Rates 8-24-15

By Lisa Robison Updated on 8/24/2015

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

 There are major swings in he Global Market.  News out of China isn't helping things.  Germany, because if the close trade relationship with China, was affected as well.  It appears that the global financial markets are in a downward spiral. The only positive news about this, is that the Fed has indicated that the proposed rate hike set for December may not occur.  The global economy has had a ripple effect in domestic trading.  Overnight treasury trading was strong, and only increased in strength as the stock markets opened for the day.  Conversely, 10year and MBS gains are nowhere to be found.  The risk for negative reprcing is strong heading into the afternoon.  This week, markets are likely to put some focus on getting som footing, to slow this spiral from turning into a complete freefall.      

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• 30 year (FRM) rates at 3.93% (-0.01%).
• 15 year (FRM) rates at 3.19% (-0.01%).
• FHA 30 year Fixed rates at 3.60% (-0.05%).
• Jumbo 30 year Fixed rates at 3.72% (-0.01%).
• 5/1 ARM rates at 2.96% (-0.00%).