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Mortgage Rates 05-20-16

By Lisa Robison Updated on 5/20/2016

For the second consecutive day following Wednesday's FOMC announcement, we see the bond market at a standstill.  There were some minor housekeeping trades, but other than that, it was a very quiet day.  In looking at the technical details and the trading levels, it appears that the market is very indecisive.  This consolidation effort will likely last into next week, where bonds will find motivation to move.  The question here is, which way now? The bigger decisions are on hold for now, at least until we get closer to an imminent hike.  Check back here Monday to get the most up to date news. 

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• 30 year (FRM) rates at 3.73% (0.00%).
• 15 year (FRM) rates at 2.98% (0.00%).
• FHA 30 year Fixed rates at 3.30% (0.0%).
• Jumbo 30 year Fixed rates at 3.74% (0.00%).
• 5/1 ARM rates at 3.03% (-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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