Mortgage Rates 8-28-15

By Lisa Robison Updated on 8/28/2015

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

Mortgage rates have inched up today across the board, which appears to mark the end of a few days of corrections in the bond markets.  Treasuries and Mortgage Backed Securities underwent a two-and-a-half day correction after rallying pretty steadily for about 6 weeks  It appears that China's economy is causing less of a reactions these days, in comparison to Germany's Bund market, which spiked on Tuesday of this week.  On calendar for data release today is Personal Consumption, which is expected to rise  0.4 from 0.2, and Income is expected to remain constant at +0.4  The Jackson Hole symposium is underway, so there is alot of commentary on that making it's way into the mortgage community.  Of concern is the Fed rate hike, which seems to be imminent.  The next couple weeks of news will dictate whether or not September will be the month  Check back Monday for more mortgage news..                  

 

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• 30 year (FRM) rates at 3.99% (+0.01%).
• 15 year (FRM) rates at 3.25% (+0.02%).
• FHA 30 year Fixed rates at 3.75% (+0.05%).
• Jumbo 30 year Fixed rates at 3.79% (+0.02%).
• 5/1 ARM rates at 3.00% (+0.01%).