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Overseas Influence May Pull Mortgage Rates Down

By Stevie Duffin Updated on 12/19/2014

MBS are in more positive territory thanks to Euro markets influencing domestic trading. There's little else to go off of, considering today's lack of economic data. Watch for falling mortgage interest rates. 

Thursday: Mortgage bonds are weaker today following the FOMC announcement yesterday. Rates rose post-announcement. Look out for rising mortgage interest rates into today. In employment news, jobless claims dropped by 6,000 in the latest week to 289,000, pointing to a firming job market. Philly Fed data also came in today, but showed a slowed manufacturing pace in December. The reading of 24.5 pales in comparison to November's outstanding 40.8, but was relatively flush with expectations of 26.0. 

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  • 30 year (FRM) rates at 3.88 (+0.06).
  • 15 year (FRM) rates at 3.14 (+0.03).
  • FHA 30 year Fixed rates at 3.35% (+0.10).
  • Jumbo 30 year Fixed rates at 3.75% (+0.06).
  • 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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