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Mortgage Rates 03-24-16

By Lisa Robison Updated on 3/24/2016

Today mortgage rates gained a few percent across the board as bonds lost ground.  The net result on the week is unchanged.  10-year yields are back to 1.80, which is where the week began.  The trading week is over, as markets closed at 2pm EST today, and are to remain closed tomorrow as well.  Durable goods data helped the bond markets earlier in the week, but the bounce in Oil and Stocks carried more weight as the week progressed. As the short week drew to a close, bonds began to sell off at an unprecedented pace. This trading scenario should be seen as an independent phenomenon, and next week we are hoping to see movement either confirm or deny the shift in momentum that began earlier in the month.  Check back Monday to get the most updated mortgage news and rate updates.       

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• 30 year (FRM) rates at 3.79% (+0.02%).
• 15 year (FRM) rates at 3.05% (+0.01%).
• FHA 30 year Fixed rates at 3.35% (0.00%).
• Jumbo 30 year Fixed rates at 3.63% (-0.02%).
• 5/1 ARM rates at 2.96% (-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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