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Higher Mortgage Rates May Follow Strong Employment Data

By Stevie Duffin Updated on 12/8/2014

Strong non-farm payrolls data (NFP) threw MBS into weak levels this morning. The predicted 230,000 was majorly trumped by the actual 321,000, showing rapid hiring in November. Jobless rate remains 5.8 percent, inline with expectations. Watch for rising mortgage interest rates. 

Thursday: Jobless claims for the latest week dropped by 17,000 to 297,000, but above what economists expected. Largely unaffected by the data were MBS, which were up and down thanks to the European Central Bank's press conference. 

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  • 30 year (FRM) rates at 3.92 (-0.01).
  • 15 year (FRM) rates at 3.15 (0.00).
  • FHA 30 year Fixed rates at 3.40% (0.00).
  • Jumbo 30 year Fixed rates at 3.77% (-0.01).
  • 5/1 ARM rates at 3.25% (0.00).

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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