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Mortgage Rate Update 8 29 14

By Stevie Duffin Updated on 8/29/2014

Mortgage interest rates have barely budged from yesterday's levels, and aside from Chicago PMI, which exceeded expectations and jumped by 11.7 points in August, effectively recovering from the lows recorded in July, few other significant reports are due. Strong data out of Chicago, but like yesterday, not enough to push bonds into negative territory given activity overseas.

For other market movers this week, keep an eye out for tomorrow's Personal Consumption and Chicago PMI.

Yesterday: The European Central Bank's announcement of plans to begin their own quantitative easing by spring 2015 had the American bond market caught up in a feeding frenzy. This is all in spite of perfectly delightful GDP data (4.2 percent), lowered Jobless Claims, and strong Pending Home Sales - the strongest in close to a year. 

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

  • 30 year (FRM) rates at 4.10% (-0.01).
  • 15 year (FRM) rates at 3.26% (0.00).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 3.97% (-0.01).
  • 5/1 ARM rates at 3.22% (+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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