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Mortgage Rate Update 9 15 14

By Stevie Duffin Updated on 9/15/2014

Mortgage bonds experienced some gains today, and were unshaken by stronger than expected Empire State Manufacturing data. The NY Fed reported that manufacturing reached its highest levels in five years. September's index was 27.54, while August's was only 14.69. Industrial Production data was also announced today, and came back weaker than expected, possibly bolstering mortgage bond strength. Watch for dropping mortgage interest rates. 

For other potential market movers this week, look out for Wednesday's CPI, NAHB housing index, and of course the FOMC rate decision announcement. Thursday will have housing starts, building permits, and Philly Fed Business. 

Friday: Import prices came in and experienced an overall drop thanks to declining prices in petroleum products. The data is the lowest since November, but not far off expectations. Retail sales were a different story, reaching higher levels in August, and consumer sentitment skyrocketed to its highest levels in 14 months.

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

  • 30 year (FRM) rates at 4.24% (+0.03).
  • 15 year (FRM) rates at 3.39% (+0.03).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.10% (+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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