Mortgage Rates 9-03-15

By Lisa Robison Updated on 9/3/2015

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

Mortgage rates are trading within a narrow range this week.  This zig-zag has been seen all week, as rates are unsure as to what to do with data reports.  Today marks the final pre-NFp day, and rates have been bouncing within a narrow range in anticipation of this report, scheduled for tomorrow.   There's not much in the way of meaningful analysis to be made when this happens.  Notable today was news coming out of Europe.  The European Central Bank president Draghi made statements regarding growth, deflation, and left open the possibilty of additional QE beyond the Sept 16th end date.  US Bond markets didn't repond well to that news.  In addition, Stock and Oil prices put more pressure on domestic bonds.  We could expect tomorrow's NFP report to have an impact on rates, and aside from that, September 17th's Fed announcement will have some major pull.                      

 

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• 30 year (FRM) rates at 4.00% (+0.01%).
• 15 year (FRM) rates at 3.26% (0.00%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.82% (0.00%).
• 5/1 ARM rates at 2.97% (-0.01%).