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Mortgage Rates 10-26-15

By Lisa Robison Updated on 10/26/2015

Today has been a relatively slow day for the domestic session.  Overnight the US and German Bund yields both fared well, and then changed direction, the short lived rally was helped out by weaker readings in New Home Sales.  In the bigger picture, the FOMC Announcement set for Wednesday is the main event this week.  We expect that there will be verbiage suggesting a hike in the near future, possible end of year, or early 2016. The Federal Reserve's outlook on the domestic, as well as the global economy will dictate the tone of the announcement.  China's Shanghai composite continues to improve since August, and we are generally seeing slow growth occurring overseas, so it is likely that the Feds will look favorably on hiking rates in the coming months.  In the domestic economic news, this week brings Durable Goods tomorrow, along with Case Shiller 20 mm SA Report, and Consumer Confidence data.  Wednesday is the FOMC Announcement and 5 year Note Auction.  Thursday, we have Initial Jobless Claims, and Friday we have the Personal & Adjusted Consumption, and the Chicago PMI.  Check back tomorrow to see what mortgage rates do.      

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.83% (+0.03%).
  • 15 year (FRM) rates at 3.11% (+0.01%).
  • FHA 30 year Fixed rates at 3.50% (+0.05%).
  • Jumbo 30 year Fixed rates at 3.62% (0.00%).
  • 5/1 ARM rates at 2.91% (-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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