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Mortgage Rate Update 11 18 14

By Stevie Duffin Updated on 11/18/2014

The National Association of Home Builders (NAHB) housing market index came back stronger than expected today, jumping from October's 54.0 to 58.0, a few ticks above the prediction of 55.0. Since the reading is still above 50.0, the outlook for home sales is optimistic. Mortgage bonds are in lower territory today; watch for rising mortgage interest rates. 

A week healthy with economic data may lend itself to moving rates. Check back tomorrow for housing starts and building permits, and a crowded Thursday for CPI (a measure of inflation), jobless claims, Philly Fed business, and existing home sales. 

Monday: Mortgage bonds were in more positive territory after an overnight trading session and influence from Japanese markets (and a poor GDP reading). Mortgage interest rates dropped. 

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

  • 30 year (FRM) rates at 3.99 (-0.03).
  • 15 year (FRM) rates at 3.19 (-0.02).
  • FHA 30 year Fixed rates at 3.50% (0.00).
  • Jumbo 30 year Fixed rates at 3.84% (-0.05).
  • 5/1 ARM rates at 3.23% (+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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