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Mortgage Rate Update 10 1 14

By Stevie Duffin Updated on 10/1/2014

Bonds have been up and down today, no thanks to economic data including strong September employment numbers out of ADP and declining construction spending. Keep watching to see which way rates will head, as there's no telling now. 

For other potential market movers this heavier week, tune in tomorrow for jobless claims, and Friday for employment data galore. 

Yesterday: Bonds opened on the weak side and jumped closer to unchanged levels later in the morning. Economic data released included a slowed home price growth from Case Shiller, plummeting consumer confidence numbers for September, and a lower than expected but stil positive purchasing manager's index out of Chicago. True to recent trend, bonds were not moved much by the announcements.

Bookmark this page for daily mortgage interest rates and market updates.

  • 30 year (FRM) rates at 4.20 (+0.02).
  • 15 year (FRM) rates at 3.35% (+0.02).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.06% (+0.02).
  • 5/1 ARM rates at 3.25% (+0.02).

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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