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Watch ECB Headlines Thursday for the Big Mortgage Rate Mover

By Stevie Duffin Updated on 1/20/2015

Mortgage bonds are having a volatile morning, and it's difficult to say where rates are heading. This week is anemic where meaningful domestic reports are concerned. For potential mortgage rate movers, check back tomorrow for building permits and housing starts, Thursday for jobless claims, and Friday for existing home sales.

This week's biggest news will come from Europe Thursday, when the European Central Bank (ECB) is expected to make some announcement about initiating their own bond buying program. In recent months, MBS trading has been taking its strongest cues from European activity, and it's likely we'll see the biggest domestic reaction from the foreign announcement. 

Watch for falling mortgage interest rates. Bookmark this page for daily mortgage rate updates:

  • 30 year (FRM) rates at 3.63% (+0.03).
  • 15 year (FRM) rates at 3.00% (+0.02).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.60% (+0.02).
  • 5/1 ARM rates at 3.22% (+0.02).

Displaying rates for Mortgage Refinance in CA for $200,000

3.047%

APR
30 Year Fixed
2.875% Rate $830/mo
  • Updated June 03, 2020
  • Get a better rate and cash in no time.

3.151%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated June 03, 2020
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7

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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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