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Mortgage Rates 05-24-16

By Lisa Robison Updated on 5/24/2016

Today's overnight session, namely 3am to 1pm Eastern Standard Time brought weakness in the US Bond markets, which continued throughout the day.  Market participants were hoping that the recent sideways trend would give way to some upwards movement, but this was not the case today. Stock prices surged today, and the New Home Sales data came in exceptionally strong this morning.  Neither of these events are good for bonds.  Even though the 10 year bond yields didn't break through last week's technical ceiling, it appears that the negative momentum is in effect.  Check back tomorrow for the latest mortgage updates.  

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• 30 year (FRM) rates at 3.74% (+0.02%).
• 15 year (FRM) rates at 2.99% (0.00%).
• FHA 30 year Fixed rates at 3.30% (0.00%).
• Jumbo 30 year Fixed rates at 3.74% (0.00%).
• 5/1 ARM rates at 3.00% (-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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