Mortgage Rate Update 10 2 14

By Stevie Duffin Updated on 10/2/2014

Mortgage bonds started strong today, likely because of rumors surrounding China's military activity. Eventually they sank to weaker levels. Watch for rising mortgage interest rates. In economic news, jobless claims dropped in the latest weak, optimistically pointing to labor market strength. 

For other potential market movers this heavier week, tune in tomorrow for employment data galore. 

Yesterday: Bonds were up and down in an eventful rally, no thanks to economic data including strong September employment numbers out of ADP and declining construction spending. Mortgage interest rates fell. 

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

• 30 year (FRM) rates at 4.13 (-0.07).
• 15 year (FRM) rates at 3.30 (-0.05).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.00% (-0.06).
• 5/1 ARM rates at 3.23% (-0.02).