Mortgage Rates 9-01-15

By Lisa Robison Updated on 9/1/2015

What will Mortgage rates do on Wednesday? Mortgage professionals are voting in our daily poll.

Mortgage rates are inching upward today.  This morning at 9:30am, the NYSE opened, and traders started selling bonds. When the ISM data came in, bonds were in positive territory.  Weak overnight data from Asia, Japan, and Europe was mixed, which helped the bond selling, and so far today, the bond markets are already in better shape than they were overnight.  Mortgage Backed Securities and Treasuries are moving away from the worst levels of the day,but still are not very impressive at this point.  The trading range shows 10 year yields getting closer to 2.18.  As of 9:44am this morning, there is a modest risk for repricing.   Domestic data is of the upmost importance these days, and in particular, the NFP data is going to signal the Fed in which direction to go in terns of a September rate hike.  Check back tomorrow to see what rates are going to do.             

 

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• 30 year (FRM) rates at 4.00% (+0.02%).
• 15 year (FRM) rates at 3.23% (+0.01%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.82% (+0.02%).
• 5/1 ARM rates at 3.00% (+0.02%).