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Mortgage Rate Update 8 26 14

By Stevie Duffin Updated on 8/26/2014

Strong Durable Goods data didn't move mortgage bonds out of yesterday's trend, but stronger than expected (and more viable) Consumer Confidence numbers pushed the bond down to unchanged levels. CC is at a 7-year high, bumped to 92.4 from the 90.3 recorded in July. Watch for rising mortgage rates.

Case Shiller reports that home prices are up in the year ending in June, but down from the index recorded in the year ending in May. The 8.1 percent recorded for June is flush with expectations.

For market movers this week, keep an eye out for Thursday's GDP reading and Jobless Claims, and Friday's Personal Consumption and Chicago PMI.

Yesterday: Bonds were in positive territory midday, and New Home Sale data only helped. New Home Sales dipped 2.4 percent in July - mortgage interest rates fell. 

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

  • 30 year (FRM) rates at 4.14% (-0.01).
  • 15 year (FRM) rates at 3.27% (-0.01).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.01% (-0.01).
  • 5/1 ARM rates at 3.21% (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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