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Mortgage Rates 02-05-16

By Lisa Robison Updated on 2/5/2016

Mortgage rates are pretty flat today, and that is likely the result of some pre-NFP report consolidation.  NFP actually may not be as big of a deal as it has been historically, as the market seems to have it's sights on other data, considering that employment metrics have been doing well lately.  Bonds have been at the best rates in eight months, and it would take a larger than life miss to divert that pattern.  Along with the NFP report today, we also see the International Trade, Private Payrolls, Unemployment Rate, Manufacturing Payrolls, as well as Average Workweek and Average Hours data.   Check back next week for the most up to date news, including the market reaction the today's NFP data.  

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• 30 year (FRM) rates at 3.77% (+0.01%).
• 15 year (FRM) rates at 3.05% (0.00%).
• FHA 30 year Fixed rates at 3.35% (0.00%).
• Jumbo 30 year Fixed rates at 3.58% (+0.01%).
• 5/1 ARM rates at 2.99% (-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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