Mortgage Rate Update 10 10 14

By Stevie Duffin Updated on 10/10/2014

Mixed inflation indicator data came in this morning: import prices were stronger than expected, dropping 0.5 percent as opposed to the predicted 0.7; export prices dropped by 0.2 percent, higher than the predicted 0.01 percent. Mortgage bonds weren't moved by the news, and are a bit weaker today than they were yesterday. Watch for rising mortgage interest rates. 

Expect your next mortgage rate update Tuesday of next week; markets will be closed Monday in observance of Columbus Day. 

Yesterday: Bonds were slightly weaker, although seemingly unaffected by jobless claims, which dropped to their lowest, almost pre-recession levels. The 1,000 claim drop was far off from the expected, since economists predicted a rise in unemployement benefits claims. 

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• 30 year (FRM) rates at 4.07 (+0.01).
• 15 year (FRM) rates at 3.26 (+0.01).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.95% (0.00).
• 5/1 ARM rates at 3.22% (+0.01).