Mortgage Rates 8-27-15

By Lisa Robison Updated on 8/27/2015

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

Mortgage rates have continued to rise today, which is seen as a small victory, since the stock market has been selling off quite nicely.  The S&P is up 37 points today.  The release of Gross Domestic Product news made an initial impact in the bond markets whrn it came in at +3.7 (the forecast was +3.2),  however, bonds have been holding strong.  The day is young, and it appears that the correction that has ensued from Monday's lows is nearing to an end.  Today's economic calendar bring the 1:00pm Treasury auction.  As long as the 10 year yields don't move much higher than 2.20, we are in good shape.  Despite all of this turmoil in the stock market, the housing market is still doing well.  With the eight year high in housing sales volume, combined with an eight year low in all cash sales, this indicates that the housing market is on it's way to enticing traditional homebuyers and establishing a solid growth foundation. Mortgage news tomorrow will bring the GDP Prelim, Jobless Claims, Pending Home Index, and the 7-year note auction.

 

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.98% (+0.02%).
• 15 year (FRM) rates at 3.23% (+0.02%).
• FHA 30 year Fixed rates at 3.70% (+0.05%).
• Jumbo 30 year Fixed rates at 3.77% (+0.02%).
• 5/1 ARM rates at 2.99% (-0.01%).