Mortgage Rates 9-11-15

By Lisa Robison Updated on 9/11/2015

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

Mortgage rates today are fairly stagnant.  This could very well be an effort to make any additional sudden moves in anticipation of next week's potential volatility.  The Fed annnouncement set for September 17th could bring about a rate hike.  which could be the opportunity for an increase in policy rates from six years of historical lows.  Rate hikes in general stir the markets and create volatility.  This volatility could result in either higher or lower mortgage rates, although higher is the greater probability here.  Mortgage Backed Securities are trading within a fairly narrow range.  It's now just a matter of biding time until the announcement happens.  With the increase of risk of a rate increase, the concensus would indicate that a lock before that time would be adviseable.  Check back Monday for more up to date mortgage rate news and predictions.          

 

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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 2.99% (-0.01%).