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Mortgage Rates 11-18-15

By Lisa Robison Updated on 11/18/2015

Bond markets are continuing their patttern of consolidation, and seem to be afraid to make any major moved in anticipation of the 2:00pm release of the FOMC minutes.  Both Mortgage Backed Securities and Treasuries are in a holding pattern, and are pretty well at "unchanged" from yesterday's trading range.  Corporate Bond issuance has had a larger impact on Treasuries in comparison to MBS.  Today the Housing Starts data came in 11% lower than expected at 1.06 million, and oil prices have had an impact as well, but the data is taking a back seat to the larger picture of consolidation efforts ahead of the Fed today.  The Fed minutes today probably won't come as a shock to anyone, as they have made their stance relatively clear over the recent months, so we expect to see a re-iteration on what we already heard in October, leading the markets to prepare for the proposed December rate hike.  Check back tomorrow for more mortgage news.                 

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  • 30 year (FRM) rates at 4.01% (0.00%).
  • 15 year (FRM) rates at 3.23% (0.00%).
  • FHA 30 year Fixed rates at 3.75% (0.00%).
  • Jumbo 30 year Fixed rates at 3.84% (+0.01%).
  • 5/1 ARM rates at 3.00% (+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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