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Mortgage Rates 03-30-16

By Lisa Robison Updated on 3/30/2016

Rates are again lower today, having surged immediately following Yellen's announcement yesterday.  It was a good day for stocks, as well as bonds, as Yellen confirmed that the Fed's position on being "data dependent" was a legitimate one, and also that the recent economic crises are enough to possibly dissuade the Fed from hiking rates until probably April or June of 2016.  The message conveyed that the Fed would be able to accommodate rates at or near zero if that would be necessary.  This is a bit of a contradiction from the previously proposed 4 hikes in 2016, however, the bigger message is that we are prepared for any set of economic circumstances, and we are carefully observing the technical data.  Both stocks and bonds took that information and ran with it, both returning to thier best recent levels respectively.  Check back tomorrow for more mortgage news, and for the latest mortgage rate update.       

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• 30 year (FRM) rates at 3.75% (-0.04%).
• 15 year (FRM) rates at 3.02% (-0.03%).
• FHA 30 year Fixed rates at 3.30% (-0.05%).
• Jumbo 30 year Fixed rates at 3.60% (-0.04%).
• 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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