Mortgage Rate Update 11 5 14

By Stevie Duffin Updated on 11/5/2014

ADP employment data came back inline with expectations: 230,000 private jobs were added, above the projected 220,000. The data did not move bonds much, but perhaps bolstered this morning's weakness ahead of the European Central Bank announcement tomorrow. Watch for rising mortgage interest rates. 

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

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• 30 year (FRM) rates at 4.04 (-0.02).
• 15 year (FRM) rates at 3.22 (-0.03).
• FHA 30 year Fixed rates at 3.60% (0.00).
• Jumbo 30 year Fixed rates at 3.94% (-0.02).
• 5/1 ARM rates at 3.25% (0.00).