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Mortgage Rates 09-13-16

By Lisa Robison Updated on 9/13/2016

Today marks the 4th day that we've seen rates being pushed up and through the post-Brexit range.  Bonds had been going along a path of consolidation previously, and now it looks like they are moving.  This is the most serious looking move that the bond markets have had since the middle of 2015.  The movers today were plenty, including reactions to last Thursday's ECB announcement, as well as remarks from Lael Brainard, member of the U.S. Federal Reserve's Board of Governors.  Today also marks the new coupon day for the Fannie and Freddie 30 Year fixed MBS.  This creates the illusion that prices fell abruptly in the overnight session, when in fact, they did not.  Check back tomorrow for the latest mortgage market news, and for updated mortgage rates

• 30 year (FRM) rates at 3.50% (+0.01%).
• 15 year (FRM) rates at 2.84% (+0.01%).
• FHA 30 year Fixed rates at 3.30% (+0.00%).
• Jumbo 30 year Fixed rates at 3.66% (+0.01%).
• 5/1 ARM rates at 2.89% (+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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