Mortgage Rate Update 11 7 14

By Stevie Duffin Updated on 11/7/2014

October's jobs report data came back showing higher payrolls and a shrinking unemployment rate, and set off some bond market volatility. Bonds are now at stronger levels. Watch for static or falling mortgage rates. Thursday: The morning's much anticipated European Central Bank announcement and ensuing press conference with President Mario Draghi gave way to some volatility for mortgage bonds, but MBS were up and down enough to just about break even, and bonds leveled out unchanged. Jobless claims for the first week of November are in today as well, and down to 278,000, below expectations of 285,000. 

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• 30 year (FRM) rates at 4.06 (0.00).
• 15 year (FRM) rates at 3.25 (0.00).
• FHA 30 year Fixed rates at 3.60% (0.00).
• Jumbo 30 year Fixed rates at 3.96% (0.00).
• 5/1 ARM rates at 3.25% (0.00).