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Mortgage Rates 05-26-16

By Lisa Robison Updated on 5/26/2016

Bonds got a boost today from early month-end buying.  Mortgage rates are the lowest that they have been in over a week.10 year yields are at 1.83, which are down by 4.2bps.  The change today was inspired by traders' need to balance their portfolios at the end of the month in order to maintain a certain mix of bonds that investors require.  Being that the holiday weekend is approaching, many traders got a jump on buying today.  The momentum started with the open of the domestic session and remained constant all day.  Not even a strong Durable Goods report could throw the momentum off track.  Check back tomorrow to get the most recent news and rates.        

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• 30 year (FRM) rates at 3.73% (-0.02%).
• 15 year (FRM) rates at 3.00% (-0.01%).
• FHA 30 year Fixed rates at 3.30% (0.00%).
• Jumbo 30 year Fixed rates at 3.75% (-0.01%).
• 5/1 ARM rates at 3.01% (-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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