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Mortgage Rates 03-10-16

By Lisa Robison Updated on 3/10/2016

Mortgage rates have moved higher today, and market participants are busy digesting the European Central Bank policy changes that Draghi announced this morning.  At 7:45am, the press release hit the markets, confirming changes that will loosen the ECB policies in several areas, including refinance rate, marginal lending facility, and deposit rate cuts.  The monthly purchases will increase from current 60 billion to 80 billion, and the asset list has been updated to include non-investment grade debt, as well as the announcement of four new TLTRO's.  This announcement comes at a time where the US market is flat, and the Euro market is on the mend.  There is a mixed thought on ECB easing of policy.  On one side of the fence, this is a positive thing, because the ECB will be participating in more bond-purchasing.  In the grand scheme of things, though, the change is reflationary, and would ultimately benefit the economy, inflation, and the stock markets and hurt bonds.  Check back here tomorrow for more of the market reaction to today's news, as well as the most up to date mortgage news.       

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.82% (+0.04%).
• 15 year (FRM) rates at 3.08% (+0.02%).
• FHA 30 year Fixed rates at 3.35% (+0.10%).
• Jumbo 30 year Fixed rates at 3.64% (+0.04%).
• 5/1 ARM rates at 3.05% (+0.02%).

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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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