Mortgage Rates 9-17-15

By Lisa Robison Updated on 9/17/2015

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

Mortgage rates have remained unchanged today, in response to the Fed announcement to NOT impose a rate hike.  This announcement came to the surprise of many anxious on-lookers. The reasoning for this decision is said to be the global economic weakness.  According to the Fed, the US economy just hasn't sufficiently recovered from the housing market crash, and although one of the factors considered, the unemployment rate, was within limits, the global economy is still too unstable to a rate hike at this time.  A federal rate hike would have impacted the rate at which the Federal Reserve provides funds to financial institutions, and the effect would have raised prices across the financial markets.  The Feds will be analyzing the economic data over the next several months, and may impose a hike in the next 3 to 6 months.  Check back tomorrow for more mortgage news.

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• 30 year (FRM) rates at 4.05% (+0.01%).
• 15 year (FRM) rates at 3.27% (0.00%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.85% (0.00%).
• 5/1 ARM rates at 3.00% (0.00%).