Mortgage Rate Update 11 18 14

By Stevie Duffin Updated on 11/18/2014

The National Association of Home Builders (NAHB) housing market index came back stronger than expected today, jumping from October's 54.0 to 58.0, a few ticks above the prediction of 55.0. Since the reading is still above 50.0, the outlook for home sales is optimistic. Mortgage bonds are in lower territory today; watch for rising mortgage interest rates. 

A week healthy with economic data may lend itself to moving rates. Check back tomorrow for housing starts and building permits, and a crowded Thursday for CPI (a measure of inflation), jobless claims, Philly Fed business, and existing home sales. 

Monday: Mortgage bonds were in more positive territory after an overnight trading session and influence from Japanese markets (and a poor GDP reading). Mortgage interest rates dropped. 

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

• 30 year (FRM) rates at 3.99 (-0.03).
• 15 year (FRM) rates at 3.19 (-0.02).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.84% (-0.05).
• 5/1 ARM rates at 3.23% (+0.02).