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Mortgage Rates 02-04-16

By Lisa Robison Updated on 2/4/2016

Rates are yet lower again today, as yesterday the bond markets were stuck between two sources of inspiration.  Those two sources being stocks/oil, and domestic data.  Yesterday the ISM data sent bonds lower, before the bounce in oil prices sent them back up again.  Back in the days of the ECB announcements on the first Thursday of the month, Thursdays were a day where some movement was to be expected.  Today we don't have any major economic data for inspiration. Being that tomorrow is NFP day, we expect to see some movement once that report gets released.  Stocks and Bonds alike are realizing the importance of economic reports.  Barring any major fluctuations in oil and global influence, the data still has the ability to make an impact.  Tomorrow's NFP report will be one ot those major influences.  Check back tomorrow to see what happens to mortgage rates.  

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• 30 year (FRM) rates at 3.76% (0.00%).
• 15 year (FRM) rates at 3.05% (-0.01%).
• FHA 30 year Fixed rates at 3.35% (-0.05%).
• Jumbo 30 year Fixed rates at 3.57% (0.00%).
• 5/1 ARM rates at 3.00% (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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