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Mortgage Rates 10-08-15

By Lisa Robison Updated on 10/8/2015

What will rates do Friday?? Mortgage professionals are voting in our daily poll.

Mortgage rates today have inched up across the board, with the exception of the FHA 30-year fixed rate, which has remained the same.  Lately bonds have been working along a pattern of correction that stems from the weakness in the stock market from last month.  The classic features of this type of correction include a couple of hallmarks.  For one, the trading range all week has been increasingly narrow.  Further, stock prices and bond proces have been rising together, in a classic "risk-on" move.  Typically this type of correction precedes a bigger event, which is very likely the 2pm release of FOMC minutes.  Bond markets have weakened at a steady pace leading up to the minutes release.  The 30-year bond auction didn't seem to do much in the way of swaying today's trend.  Check back tomorrow to see what mortgage rates will do next. 

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.87% (+0.01%).
  • 15 year (FRM) rates at 3.15% (+0.01%).
  • FHA 30 year Fixed rates at 3.50% (0.00%).
  • Jumbo 30 year Fixed rates at 3.65% (+0.01%).
  • 5/1 ARM rates at 2.92% (+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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