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Mortgage Rates 04-06-16

By Lisa Robison Updated on 4/6/2016

Today the mortgage rates jumped up slightly today due to various reasons.  Bonds started the day out in weaker territory. During the overnight session, oil, stocks, and European bonds hurt the US treasuries.  European markets sold off rather quickly today, which contributed to the weakness.  The minutes report from the recent FOMC announcement came out without adding to the drama, especially since it confirmed Yellen's commentary about the Fed's being cautious to raise rates due to the current global economic state.  At the end of the day, we only lost the gains from yesterday.  Tomorrow brings the Initial Jobless Claims report, and then on Friday we have the Wholesale inventories data.  Check back here for up to dater mortgage rates and news. 

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• 30 year (FRM) rates at 3.65% (+0.02%).
• 15 year (FRM) rates at 2.95% (+0.03%).
• FHA 30 year Fixed rates at 3.25% (0.00%).
• Jumbo 30 year Fixed rates at 3.53% (+0.03%).
• 5/1 ARM rates at 2.97% (+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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