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Mortgage Rate Update 8 8 14

By Stevie Duffin Updated on 8/8/2014

Bond markets gained strong ground with the announcement of the U.S. air strike in Iraq last night, but notably lacking were MBSs. As of the middle of today's trading, mortgage bonds were in slightly positive territory. Watch the headlines to see if any upticks or easing in geopolitical risk moves the bond up or down, respectively. Look out for static or dropping rates. 

Yesterday: A large drop in unemployment claims did little to move mortgage bonds into weak territory yesterday morning, largely thanks to Fed buying. Fannie and Freddie reported higher earnings, which did little to move bonds as well, along with lower Initial Jobless Claims (289 thousand, below the 309 thousand expected). Mortgage rates dropped.     

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

  • 30 year (FRM) rates at 4.18% (-0.04).
  • 15 year (FRM) rates at 3.29% (-0.04).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.02% (-0.03).
  • 5/1 ARM rates at 3.25% (+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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