Mortgage Rate Update 11-24-14

By Stevie Duffin Updated on 11/24/2014

Mortgage bonds started the day weak thanks to overnight activity, but thanks to some weak domestic data and contributions from overeas markets and data, have now bounced back. Watch for falling mortgage interest rates. Thanksgiving Thursday means markets are closed, and Friday won't leave room for much foreseeable movement either. But tune in tomorrow for Case Shiller and consumer confidence, then Wednesday for a cornucopia (see what I did there?) of data including durable goods, jobless claims, new home sales, personal consumption, and more. 

Friday: Despite news from overseas, including a jack-in-the-box rate cut from China, U.S. bond markets were staying relatively flat, although at strong levels. Mortgage interest rates fell. 

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• 30 year (FRM) rates at 3.96 (-0.02).
• 15 year (FRM) rates at 3.16 (-0.02).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.81% (-0.02).
• 5/1 ARM rates at 3.24% (-0.01).