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Mortgage Rates Lower From Bevy of Bond Buying Abroad

By Stevie Duffin Updated on 1/30/2015

Mortgage bonds are in more positive territory today, rather unaffected by the higher Chicago PMI reading and happy employment numbers this morning, and instead boosted by the bevy of bond buying abroad. Watch for dropping mortgage interest rates. 

Thursday: December pending home sales data was released today, showing a drop of 3.4 percent, the largest decline since December of 2013. In more promising news, weekly jobless claims declined to the lowest point in about 15 years. The data is relatively skewed since it measured unemployment filings for the week of the Martin Luther King Jr. holiday, but nonetheless points to a healing labor market. 

Mortgage backed security trading paid little attention to the data, however, and continue to move sideways to weak. Watch for static or rising mortgage interest rates. 

Bookmark this page for daily mortgage rate updates:

  • 30 year (FRM) rates at 3.61% (+0.01).
  • 15 year (FRM) rates at 2.99% (+0.01).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.61% (+0.01).
  • 5/1 ARM rates at 3.24% (+0.01).

Displaying rates for Mortgage Refinance in CA for $200,000

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About The Author:
Stevie Duffin
Stevie is the Senior Editor at Lender411. She manages the site's Authorship Program and social media pages. Stevie graduated from UC Santa Barbara with a BS. Contact her: stevie@lender411com.

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