Mortgage Rates 9-14-15

By Lisa Robison Updated on 9/14/2015

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

Mortgage rates today are holding steady from Friday.  Domestic as well as Global Markets were strong overnight, which left the MBS and Treasury gains in the same narrow range they have been trading within, in anticipation of this weeek's Fed policy announcement.  This week's Fed meeting is the focus of attention, since a rate hike would end the 6 1/2 years at all time lows.  The last two weeks of data with regard to oil prices, economic growth, and market stability were under scrutiny by the Feds, and if the data indicated growth, the Fed stated previously that a rate hike would be VERY likely.  The data over the last couple of weeks leading up to this has been not very indicative of growth, but it's open to interpretation.  If the rate hike doesn't happen this week, those in the know antcipate that it will happen in the next 6 months.  Tomorrow markes the release of Retail Sales, NY Fed manufacturing, Industrial output, and capacity utilization.  

 

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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%).