Mortgage Rates Continue to Fall

By Stevie Duffin Updated on 1/6/2015

ISM non-manufacturing data for December is in, and lower than the expected 58.5 at 56.2. The 56.2 is the lowest reading since June, but it was mostly ignored by MBS trading. MBS are in strong territory today, espcially following some volatility brought on by European market actiivity. Watch for falling mortgage interest rates. 

For potential mortgage market movers, check back tomorrow for international trade, ADP employment and FOMC meeting minutes, Thursday for jobless claims, and Friday for non-farm payrolls and unemployment. 

Monday: Mortgage bonds are slowly edging their way back up after some holiday volatility. Watch for dropping mortgage interest rates.

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

• 30 year (FRM) rates at 3.76 (-0.04).
• 15 year (FRM) rates at 3.06 (-0.03).
• FHA 30 year Fixed rates at 3.25% (0.00).
• Jumbo 30 year Fixed rates at 3.68% (-0.02).
• 5/1 ARM rates at 3.25% (+0.02).