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Mortgage Rates on the Way Down Pre-NYE

By Stevie Duffin Updated on 12/30/2014

Mortgage bonds are sitting pretty today, at some of the strongest levels of the year. This is perhaps no thanks to today's unnoticed economic data, including a relatively unsurprising 4.6 percent increase in home prices in the year ending in October, according to this morning's Case Shiller reading. Consumer confidence numbers for December came in as well, with a 92.6 reading that barely falls below the expected 93. Watch for falling mortgage interest rates. 

This week is again shorter thanks to the New Year, with markets closing early tomorrow and completely Thursday. For potential market movers, check back tomorrow for Chicago PMI and an early jobless claims reading, and Friday for ISM manufacturing and construction spending. 

Monday: MBS are slightly stronger than Friday's levels after a rally fueled by European headlines halted today. No significant domestic reports have been made. Watch for static or falling mortgage interest rates. 

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

  • 30 year (FRM) rates at 3.87 (-0.04).
  • 15 year (FRM) rates at 3.14 (-0.03).
  • FHA 30 year Fixed rates at 3.35% (-0.05).
  • Jumbo 30 year Fixed rates at 3.76% (-0.04).
  • 5/1 ARM rates at 3.25% (0.00).

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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