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Mortgage Rates 03-04-16

By Lisa Robison Updated on 3/4/2016

Looking at the rates, we wound up with a flat day yesterday after mortgage backed securities outperformed in the face of the lack of volume and inspiration.  The much anticipated ISM data that hit the markets at 11:20am yesterday failed to elicit a response in the markets. This is likely due to the fact that it was pretty well on target with the prediction.  The key factors in the bond rally that occurred at midday were the fact that Treasury markets were affected by corporate debt issuance, as well as scheduled Fed buying.  Mitt Romney also took the stage at this time, which contributed to the rally.  European markets also were experiencing a strong rally of their own.  The end result, even with the short lived rally, was a flat day. Today's NFP results will likely be the next source of inspiration, combined with next week's European Central Bank announcement.  Check back on Monday for the most up to date mortgage news,    

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• 30 year (FRM) rates at 3.73% (0.00%).
• 15 year (FRM) rates at 3.02% (0.00%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.57% (0.00%).
• 5/1 ARM rates at 3.02% (-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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