Mortgage Rate Update 10 31 14

By Stevie Duffin Updated on 10/31/2014

News from Japan has sent bonds tanking on this All Hallows' Eve: the Bank of Japan is accelerating their buying program from 50 trillion to 80 trillion yen per year. Though its influence was probably dwarfed by the Japan headlines, personal consumption was down in September, dropping 0.2 percent from August. Finally, Chicago PMI came back positive, sailing on a 12 month high. Watch for rising mortgage interest rates. 

Thursday: Mortgage bonds were in stronger territory midday - a curious reality, since yesterday's GDP reading came in at 3.5, surpassing the 3.0 predicted. This week's jobless claims did came back higher than last and higher than the expected 281,000 at 287,000, but are still hanging around their lowest levels in 14 years. Mortgage rates dropped. 

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• 30 year (FRM) rates at 4.01 (-0.03).
• 15 year (FRM) rates at 3.18 (-0.03).
• FHA 30 year Fixed rates at 3.50% (-0.10).
• Jumbo 30 year Fixed rates at 3.90% (-0.03).
• 5/1 ARM rates at 3.23% (+0.02).