Mortgage Rate Update 10 27 14

By Stevie Duffin Updated on 10/27/2014

Pending home sales data came back positive today - although below the expected mark - but mortgage bonds are stronger thanks to weakness in European markets. Watch for dropping mortgage interest rates. 

A busy week for month-end trading and several economic reports leaves room for bond market movement. Check back tomorrow for durable goods and Case Shiller, Wednesday for the all important FOMC rate decision (the Fed is expected to talk about the end of bond buying, which would ultimately lead to higher mortgage rates), Thursday for GDP and jobless claims, and Friday for personal consumption and Chicago manufacturing.   

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

• 30 year (FRM) rates at 3.99 (-0.02).
• 15 year (FRM) rates at 3.16 (-0.01).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.91% (-0.02).
• 5/1 ARM rates at 3.25% (0.00).