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Mortgage Rates 10-23-15

By Lisa Robison Updated on 10/23/2015

Mortgage rates benefitted today from weakness in the bond markets.  China's PBOC (People's Bank of China) cut rates suddenly, and this had a negative effect on US Bond rates.  In addition, weakness continued after 8:20am today with the opening of the Treasury pit.  There hasn't been any significant data being released domestically today, which intensified the impact of the overseas rate cut.  This change negated any gains that were made in the bond markets yesterday, and 10-year yields are the highest they have been in two weeks.  We are still looking at ranges within October's trading pattern, and we are expected to see some volatility moving into next week.  If we see the 10-year yields moving higher on the spectrum, as well as upward trends in other markets, this is not good news.  Mortgage Backed Securities have been performing better than Treasuries recently, and it's very possible that Bonds are going to pick a direction and continue on that road.  Next week's FOMC meeting will hopefully provide more of a definitive direction.  Check back Monday to see what Mortgage Rates do next.          

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.82% (-0.03%).
  • 15 year (FRM) rates at 3.10% (-0.01%).
  • FHA 30 year Fixed rates at 3.45% (-0.05%).
  • Jumbo 30 year Fixed rates at 3.62% (-0.03%).
  • 5/1 ARM rates at 2.92% (-0.03%).
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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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