Click To See Today's Rates

Posted November 25, 2015
in Mortgage Rates

Mortgage Rates Today – Should I Lock Today’s Rate?


November 25, 2015: Mortgage markets changing today's mortgage rates

Current Mortgage Rates News

Today's mortgage rates are flat.

Today's large batch of economic data caused little reaction.

October Durable Orders rose 3.0% from September, above the consensus of 1.5%. Volatile aircraft orders accounted for much of the improvement. The November core PCE price index was flat from October, below the consensus for an increase of 0.2%. Core PCE inflation was just 1.3% higher than a year ago, well below the Fed's target of 2.0%. October Personal Income matched expectations, while weekly Jobless Claims were a little lower than expected. October New Home Sales jumped 11%.

In a volatile mortgage market, current mortgage rates can change multiple times during the day.

As a mortgage rate shopper, it's important to know when today's rates are changing. This is because, when mortgage rates change, mortgage lenders will not honor rate quotes which have not been previously "locked".

To lock today's mortgage rates, then, be sure to commit with your lender before current rates begin to move. Whether you're trying to lock a purchase or a refinance loan, the market waits for no one.

Click to see today's rates (Nov 26th, 2015)

About Today's Mortgage Rates Analysis

Today's mortgage rate analysis is based on live mortgage-backed securities (MBS) pricing provided by MBSQuoteline, a real-time mortgage market data service available to loan officers, real estate agents, and other finance professionals.

The MBS data supplied by MBSQuoteline is the same market data used to formulate current mortgage rates by the nation's mortgage lenders.

The chart at top depicts today's Fannie Mae mortgage bond pricing. Fannie Mae bonds are linked to conventional mortgage rates which include mortgage rates for programs such as the Home Affordable Refinance Program (HARP 2.0), the 3-percent down Conventional 97 loan, the HomePath mortgage program, and others.

MBS prices are inversely related to today's mortgage rates. When bond prices rise, mortgage rates sink. In general, a twenty-five basis point change in MBS pricing -- up or down -- leads to a 0.125 percentage point change in mortgage rates.

Note that the chart above does not depict the path of today's Ginnie Mae mortgage bonds, although Ginnie Mae bonds and Fannie Mae bonds tend to move in similar directions.

Ginnie Mae bonds correlate to today's mortgage rates for FHA loans, such as the FHA Streamline Refinance, which are insured by the Federal Housing Administration; VA loans guaranteed by the Department of Veterans Affairs; and USDA loans guaranteed by the U.S. Department of Agriculture.

What Are Mortgage Rates *Right Now*?

Mortgage rates change all day, every day. The mortgage rates you get from your bank "now" won't be the same rates you get from your bank in an hour. Be smart when you shop. Compare multiple lenders and get your best deal.

Get today's real-time mortgage rates now. Your social security number is not required to get started, and all quotes come with instant access to your live credit scores.

Click to see today's rates (Nov 26th, 2015)

The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates.

3 Testimonials

Sarah M. Office Manager

The Mortgage Reports has been an invaluable resource to me -- it helped me to pick the sweet spot to refinance. Thanks!

Thomas D. Software Developer

As a first time home buyer, The Mortgage Reports has been the only voice that I can trust, and the expertise has been helpful.

Dan H.

The Mortgage Reports is very informative and very helpful. Its daily updates are among the first emails I open each morning.

2015 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)