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Mortgage Rate Update 11 19 14

By Stevie Duffin Updated on 11/19/2014

Mortgage bonds are maintaining weak levels after German economic data came back far healthier than expected, throwing the stock market into a buying trend. Watch for rising mortgage interest rates. In housing news, building permits shot up in October, especially for multi-family units which jumped by 10 percent. Housing starts themselves were low, but  a greater number of building permits is a good sign for future construction. 

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

Tuesday: The National Association of Home Builders (NAHB) housing market index came back stronger than expected, 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. 

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

  • 30 year (FRM) rates at 3.98 (-0.01).
  • 15 year (FRM) rates at 3.18 (-0.01).
  • FHA 30 year Fixed rates at 3.50% (0.00).
  • Jumbo 30 year Fixed rates at 3.83% (-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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