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Mortgage Rates 12-10-15

By Lisa Robison Updated on 12/10/2015

Mortgage rates are flat today for the most part.  The lack of relevant economic data, and the consolidation trend ahead of next week's Fed announcement are the main culprits. There have been some volatile spikes, induced by fluctuations in oil prices and stocks, as well as the treasury auction throughout the week.  Yesterday's 30-year auction was "average", which served to prevent bonds from a move away from risk.  Today we have seen less bond friendly numbers out of the oil and stocks.  Oil came into the day at a lower level, which bonds didn't follow.  Oil prices never really turned into a sell-off in bonds.  Bonds floated lower as a result.  The recent range has been contained narrowly within the 2.20 to 2.24 in 10-year yields.  A negative reprice risk alert was issued at 10:45 this morning.  The anticipation of next week's Fed announcement and probable hike has the market stagnant for the time being.  Tomorrow's Retail Sales report is the only potential market mover this week, so check back tomorrow to see the latest mortgage rate news.  

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.99% (+0.00%).
  • 15 year (FRM) rates at 3.24% (+0.00%).
  • FHA 30 year Fixed rates at 3.70% (+0.00%).
  • Jumbo 30 year Fixed rates at 3.82% (0.00%).
  • 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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