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Mortgage Rates Likely Still on the Rise

By Stevie Duffin Updated on 1/8/2015

MBS are in weaker territory today, likely no thanks to a dip in weekly jobless claims, since recent mortgage bond trading has been less influenced by domestic data and more so by overseas markets. Watch for rising mortgage interest rates. 

For potential mortgage market movers, check back tomorrow for non-farm payrolls and unemployment. 

Wednesday: A suite of domestic economic data was released today, including slightly lower internation trade and strong ADP numbers for the end of 2014 including 241,000 new jobs. Mortgage bond trading was less concerned with domestic news, however, and took its greatest cues from Europe, as usual. Into the middle of today, MBS are in slightly weaker territory. The next piece of news to watch is the FOMC meeting minutes, which may have a moving effect on mortgage rates. In the meantime, watch for static or rising mortgage interest rates.

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

  • 30 year (FRM) rates at 3.71 (+0.03).
  • 15 year (FRM) rates at 3.05 (+0.03).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.65% (+0.02).
  • 5/1 ARM rates at 3.25% (+0.03).

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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