Feb. 7 (FreeRateUpdate.com) - Mortgage rates current stand against market volatility from mixed economic data shows stability. Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, were volatile last week on conflicting economic data, especially in 
employment, but finished the week virtually unchanged. The stock market dug in as well holding above 10,000 with swings of over 200 points in hours reminiscent of this same time period last year. The benchmark 10 year treasury yield, often used to forecast mortgage rates, was down on the week leading many mortgage industry pros to believe rates will open slightly down on Monday morning, probably not enough to affect rate sheets.
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Current Mortgage Rates at Par for Conforming FHA and Jumbo Mortgages:
The current 30 year fixed conforming mortgage rate at par is 4.75%, unchanged on the week. An increase in MBS prices though has affected lender’s interest sheets, according to our research, and current 30 year fixed conforming mortgage rates are very near being adjusted to 4.625%. The current 15 year fixed mortgage rate at par is 4.25%. The current 5/1 ARM rate at par is 3.75%.
Current FHA mortgage rates are the same as conforming except for the FHA 15 year fixed rate which is at 4.5%.
Current jumbo mortgage rates are unchanging. The current jumbo 30 year fixed rate at par is 5.75%.
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Here’s a video talking about the mixed data on the employment front and it’s affect on markets. Click to play.