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Mortgage Rates 12-15-15

By Lisa Robison Updated on 12/15/2015

Mortgage rates are higher today due to yesterday's sell-off in the Bond Markets.  This was seen as a re-setting of the shorts, meaning that traders are positioning for mortgage rates to increase.  Bonds are weaker again today, and here is a re-cap of the past few days' events.  Firstly, The ECB announcement this month changed the course of the bond trading pattern.  The second shift occurred when oil prices dropped, and there was some concern over the high-yeild bond funds.  This week has been a reaction to last week's events, and bonds are attempting to get back in line, and on their normal course of action.  Today's CPI data came in as expected in the forecasts.  Bond traders looked at this as a hurdle to overcome, and are now attempting to get back in line with the selling in the European markets and the Oil and Stock rally of the overnight session.  Tomorrow we see the release of Mortgage Market Data, as well as Housing Starts, Building Permits issued, Industrial data, and the much anticipated FOMC rate hike decision.  Check back tomorrow for the latest mortgage news.  

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 4.04% (+0.06%).
  • 15 year (FRM) rates at 3.27% (+0.04%).
  • FHA 30 year Fixed rates at 3.70% (+0.05%).
  • Jumbo 30 year Fixed rates at 3.86% (+0.04%).
  • 5/1 ARM rates at 2.99% (-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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