Mortgage Rates 9-04-15

By Lisa Robison Updated on 9/4/2015

What will mortgage Rates do next week? Mortgage professionals are voting in our daily poll.

Mortgage rates are battling back today with the release ithe non-farm payroll report.  Data came in pretty close to what was expected, but with mixed components.  Certain parts of the report, such as Labor Force Participation held it's ground, whie Hourly Earnings came in higher than expected.  Bonds reacted to the initial report release, but are being helped out by late in the day global data, such as the European markets and oil prices.  There was also commentary from the Labor Department that these reports tend to be revised several times in the coming months.  NFP data overall didn't have as much sway as anticipated. All in all, NFP did not do as much damage as it could have, under other circumstances.  A report issued at 9:41am indicates a bit of weakness, as well as a risk for overly aggressive lenders.        .  

 

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• 30 year (FRM) rates at 3.99% (-0.01%).
• 15 year (FRM) rates at 3.25% (-0.01%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.81% (-0.01%).
• 5/1 ARM rates at 2.96% (-0.01%).