Mortgage Rates 7-22-14

By Stevie Duffin Updated on 7/22/2014

Mortgage bonds are in weaker territory after a lower than expected Consumer Price Index (CPI) was announced by the Labor Department this morning, followed by stronger Existing Home Sales countering former bond strength. Keep an eye out for rising rates.

The June inflation reading was relatively inline with projected numbers, but core CPI, which ignores volatile energy and food prices dropped from 0.3 to 0.1. 

Existing Home Sales for June was  the most robust since October, but still below the June pace year-over-year.

This week will be light where marketing moving reports are concerned, but look out for Friday's Durable Goods. Housing insights abound, however: Wednesday is where you'll find the latest Mortgage Market Index reading, and Thursday will have New Home Sales. 

Yesterday: An absence of market moving data is leaving mortgage bonds unchanged. Rates are largely unchanged from end of last week.

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

• 30 year (FRM) rates at 4.15% (-0.01).
• 15 year (FRM) rates at 3.30% (-0.01).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.99% (-0.01).
• 5/1 ARM rates at 3.21% (0.00).