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Mortgage Rate Update 9 11 14

By Stevie Duffin Updated on 9/11/2014

Trading dynamics pushed mortgage bonds into stronger territory, which continued through the morning and into the middle of the day. Bonds did not respond to the weaker than expected jobless claims data released earlier: 11 thousand jobless claims were recorded in the latest week. Based on the information we have now, watch for static or falling mortgage interest rates. 

This week is going to be quieter than last where economic reports are concerned. Keep an eye out for Retail Sales and Import Prices on tomorrow.

Yesterday: Mortgage bonds continued to hold the weakness trend, and mortgage rates are at their highest levels of late. The bond didn't experience a great deal of volatility in general, likely in anticipation of next week's FOMC announcement where the Fed is speculated to include modified talk about rate hikes in its policy statement. Mortgage rates rose. In housing news, the Mortgage Bankers Association's Mortgage Market Index came in at a not so pretty 7.2 percent below the previous week, marking the lowest levels since 2000. 

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  • 30 year (FRM) rates at 4.21% (+0.03).
  • 15 year (FRM) rates at 3.36% (+0.03).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.08% (+0.02).
  • 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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