Mortgage Rates 9-30-15

By Lisa Robison Updated on 9/30/2015

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

Mortgage rates are nearing the lowest numbers that we have seen in the last five months.  The day started with the Mortgage Backed Securities and Bond markets surging due to equities weakness.  The next few days bring some events taht could surge rates either higher or lower, depending on the data.  This implies that there is some chance that there is increased risk in locking versus not locking rates.  With rates at near 5 month lows, it's a pretty good idea to lock, unless you are one to gamble.  Tomorrow brings the biggest chance for volatility, and then the main event on Friday being Job reports.  Many lenders seem to be now offering 3.75% for a 30-year conventional loan. Rates have not seen better numbers since May 8th, 2015.  Check back tomorrow for the most up-do date mortgage news.      

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• 30 year (FRM) rates at 3.89% (-0.01%).
• 15 year (FRM) rates at 3.18% (-0.01%).
• FHA 30 year Fixed rates at 3.50% (-0.15%).
• Jumbo 30 year Fixed rates at 3.70% (-0.01%).
• 5/1 ARM rates at 2.95% (-0.01%).