Mortgage Rates 9-15-15

By Lisa Robison Updated on 9/15/2015

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

Mortgage rates have jumped up sharply today in anticipation of the Federal Reserve's impending announcement on September 17th.  The anxiety of the likelhood of a fate hike has caused some very nervous investors to start selling off bonds.  These investors' activities have had a ripple effect throughout the market today.  Typically speaking, whenever there is more selling than buying, rates will rise.  Conventional 30 year fixed rates are at LEAST 4.00%, but the impact varies from lender to lender.  Market data coming out this week, up until Friday will be heavily scruitinized, and there will be alot of "breath-holding" this week.  What that means for the potential borrower is that unless you want to gamble in a high-stakes scenario, locking this week would be adviseable.  Check back tomorrow to see what rates are doing.

 

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• 30 year (FRM) rates at 4.04% (+0.06%).
• 15 year (FRM) rates at 3.27% (+0.03%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.85% (+0.05%).
• 5/1 ARM rates at 3.00% (+0.02%).