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Mortgage Rates 01-07-16

By Lisa Robison Updated on 1/7/2016

The bond markets had an eventful overnight session, and things seem to be calming down as the day progresses.  Economic trouble in China is likely responsible for this "flight to safety" or it could also be an after-effect of the trade flows of the New Year.  Either way, bond markets have been outperforming.  This is a pleasant surprise in the wake of the Fed rate hike, and the strong ADP report released yesterday.  China has been experiencing massive losses in equities markets so far in 2016, and this is giving Treasuries a boost. This is likely to prove to be a short term trend.  In August 2015, we saw similar results when China caused a panic.  We saw a few days of positive change in the bond markets, however, this was short lived, and followed by a decent sized bounce as soon as the China markets stabilized.  Looking at the current week, we have the NFP data coming into play tomorrow.  It is to be foreseen whether or not this typical market mover will pull the focus away from China.  It's hard to say what the investor sentiment will be.  Check back here tomorrow for the latest news in the mortgage markets.  

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.98% (-0.05%).
  • 15 year (FRM) rates at 3.23% (-0.02%).
  • FHA 30 year Fixed rates at 3.75% (-0.05%).
  • Jumbo 30 year Fixed rates at 3.81% (-0.05%).
  • 5/1 ARM rates at 3.04% (-0.01%).
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About The Author:
Lisa Robison
My name is Lisa Robison. I am an Associate Editor on Lender411com and lenderhomepagecom. I'd be happy to answer any question you have about our products and services.

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