Mortgage Rates 9-29-15

By Lisa Robison Updated on 9/29/2015

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

Mortgage rates are significantly lower today.  The yeilds are they are the lowest that they had been in a month, late August, to be axact.. This is a pretty clear example of the "stock lever" - the phenomenon known in the market whereas bond yields move highter, equities do as well.   Mortgage rates are correlating to the bond yields, such as 10 year treasury note and other mortgage backed securities.  Mortgage rates are back to the floor that they have been bouncing off of for the last few weeks.  Historically speaking, Rats tend to get worse coming into the NFP report, set to be released later on this week.  It may be adviseable to lock rates now, according to some speculators.  Lenders are offering 30 year rates at 3.875% in top-tier situations, while most are keeping around 4.00% for a conventional 30 year fixed rate.  Check back tomorrow  to see what mortgage rates do next.

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• 30 year (FRM) rates at 3.90% (-0.04%).
• 15 year (FRM) rates at 3.19% (-0.03%).
• FHA 30 year Fixed rates at 3.50% (-0.15%).
• Jumbo 30 year Fixed rates at 3.71% (-0.05%).
• 5/1 ARM rates at 2.96% (-0.05%).