Mortgage Rates 8-31-15

By Lisa Robison Updated on 8/31/2015

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

Mortgage rates are reacting to some month end anxiety.  Typically a sector of traders will buy bonds at month end in order to balance out their portfolios.  US Treasuries are seen as a safe-haven due to weakness in Asia.  In Europe, German Bunds have been selling off in an aggressive fashion, moving from .72 to .80 in one hour.  This has caused some repricing risk in the mid-morning.  There is still the chance for month end-trading activity to occur, as 3pm and 5pm at month-end usually bring about some activity.  Domestically, markets are still on guard for upcoming reports.  Domestic news that is set to be realeased over the next couple of weeks may very well sway the decision of the Feds to raise rates in September.  Chicago PMI was released today, but generally, this is not a big market mover.  Tomorrow's reports consist of ISM Manufacturing, Constructions Spending, and ISM Prices Paid.             

 

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.98% (-0.01%).
• 15 year (FRM) rates at 3.25% (0.00%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.80% (+0.01%).
• 5/1 ARM rates at 3.00% (-0.02%).