Little Economic Activity Today, Possible Drop for Mortgage Rates

By Stevie Duffin Updated on 12/29/2014

MBS are slightly stronger than Friday's levels after a rally fueled by European headlines halted today. No significant domestic reports have been made. Watch for static or falling mortgage interest rates. 

This week is again shorter thanks to the New Year, with markets closing early Wednesday and completely Thursday. For potential market movers, check back tomorrow for consumer confidence and case shiller, Wednesday for Chicago PMI and an early jobless claims reading, and Friday for ISM manufacturing and construction spending. 

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

• 30 year (FRM) rates at 3.91 (-0.03).
• 15 year (FRM) rates at 3.17 (-0.02).
• FHA 30 year Fixed rates at 3.40% (-0.05).
• Jumbo 30 year Fixed rates at 3.80% (-0.03).
• 5/1 ARM rates at 3.25% (0.00).