Mortgage Rate Update 11 3 14

By Stevie Duffin Updated on 11/3/2014

Mortgage bonds are in weaker territory today, likely thanks to their greatest influence as of late, Japan, being on holiday (see Friday's recap below). Watch for rising mortgage interest rates. 

Another busy week bursting with potential market movers is upon us: check back Wednesday for ADP national employment and ISM manufacturing numbers, Thursday for jobless claims and the European Central Bank's announcements, and Friday for the big October employment report. 

Friday: News from the Bank of Japan sent bonds tanking on this year's All Hallows' Eve; they announced the acceleration of 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. Mortgage interest rates rose. 

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• 30 year (FRM) rates at 4.03 (+0.02).
• 15 year (FRM) rates at 3.21 (+0.03).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.92% (+0.02).
• 5/1 ARM rates at 3.25% (+0.02).