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Big Headlines Make Mortgage Rates Indecisive

By Stevie Duffin Updated on 12/12/2014

With oil prices plunging and European markets giving plenty of movement cues to US traders, MBS have been undergoing a rally today, and it's unclear where mortgage interest rates will head. Bet on net static or rising rates. 

Thursday: MBS were in weaker territory Thursday, partly thanks to strong retail sales data. Holiday shopping in November likely helped retail sales numbers jump 0.7 percent from October. It might sound slight, but that's the biggest leap in eight months. 

Also on the day's plate, but with lesser market-moving influence, were import prices and jobless claims. Largely supported by tanking petroleum product costs, import prices fell to their lowest in over two years in November - 1.5 percent - but the drop was less than the 1.8 percent economists had predicted. Jobless claims also fell in the latest week, and below the 295,000 expected at 294,000. The lower unemployment benefits requests numbers are inline with surging employment gains in November.

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  • 30 year (FRM) rates at 3.87 (0.00).
  • 15 year (FRM) rates at 3.12 (-0.01).
  • FHA 30 year Fixed rates at 3.35% (0.00).
  • Jumbo 30 year Fixed rates at 3.70% (-0.01).
  • 5/1 ARM rates at 3.23% (+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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