Mortgage Rate Update 10 29 14

By Stevie Duffin Updated on 10/29/2014

The all important FOMC Quantitative Easing decision is in, and QE is done as expected. The Fed's statement was released this afternoon and the news created drops in the stock market and bonds. Watch for static or rising mortgage interest rates. 

A busy week for month-end trading and several economic reports leaves room for bond market movement. Check back tomorrow for GDP and jobless claims, and Friday for personal consumption and Chicago manufacturing.   

Tuesday: Durable goods came back so bad that bonds experienced a jump, however consumer confidence data came back its highest in seven years, pushing bonds back down. In housing news, the Case Shiller index showed that home price gains are still paced at a crawl. 

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

• 30 year (FRM) rates at 3.99 (0.00).
• 15 year (FRM) rates at 3.16 (0.00).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.90% (0.00).
• 5/1 ARM rates at 3.23% (0.00).