Mortgage Rates May Drop Despite Strong GDP

By Stevie Duffin Updated on 11/25/2014

Case Shiller data out today shows home prices jumping up more than expected, but the rate at which prices are rising continues to slow. Cosumer confidence numbers were weaker than expected. Last but not least, the third quarter GDP reading was strong today: 3.9 percent, up from the previous reading of 3.5 percent. Despite some strong data including the favorable gross domestic product revision, mortgage bonds are still in more positive territory. 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 a cornucopia (see what I did there?) of data including durable goods, jobless claims, new home sales, personal consumption, and more. 

Monday: Mortgage bonds started the day weak thanks to overnight activity, but weak domestic data and contributions from overeas markets resulted in a bounce back. Mortgage interest rates fell. 

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

• 30 year (FRM) rates at 3.95 (-0.01).
• 15 year (FRM) rates at 3.15 (-0.01).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.80% (-0.01).
• 5/1 ARM rates at 3.23% (-0.01).