Today was the slowest day of the year for bond markets. This may be attributed to the holiday week, but at the end of the day, it means that nothing major is happening in the bond markets today. Traders are just trying to maintain the status quo post-Fed, and due to the limited supply this week in market data, this is to be expected. The only meaningful data on tap for this week is the Home Prices on Monday, and then tomorrow's Pending Home Sales report, along with Friday's Chicago PMI, which is likely to create some movement in the markets. The auction cycle also brings some momentum with 2,5 and 7 year treasuries schedule to close Thursday afternoon. We anticipate that the auction results will be fairly conservative given the time of year. This will create more room for a new supply of debt as we close out the year. Check back later in the week for more mortgage news and current rates.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 4.36% (+0.03%).
• 15 year (FRM) rates at 3.55% (+0.04%).
• FHA 30 year Fixed rates at 3.90% (+0.05%).
• Jumbo 30 year Fixed rates at 4.38% (+0.03%).
• 5/1 ARM rates at 3.17% (+0.02%).
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