Mortgage Rates 7-15-14

By Stevie Duffin Updated on 7/16/2014

Mortgage bonds are volatile this morning after mixed economic news: Empire State Manufacturing is at a four-year high and employment surged in June. Fed Chairwoman Janet Yellen's congressional testimony revealed the Fed will continue to support the U.S. economy, whose recovery is still only in the works. And early morning data showed weak retail sales for June. This mixed bag leaves mortgage rates at the mercy of ups and downs, with little net change for now. 

Yesterday: Citigroup earnings came back stronger than expected and are pushing mortgage bonds down. Rates increased as expected.

For market movers this week, look out for Wednesday's NAHB housing market index, and a packed Thursday: Philly Fed business data, housing starts and bulding permits. 

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

• 30 year (FRM) rates at 4.17% (+0.03).
• 15 year (FRM) rates at 3.30% (+0.03).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.01% (+0.03).
• 5/1 ARM rates at 3.24% (+0.01).