Mortgage Rates 7-23-14

By Stevie Duffin Updated on 7/23/2014

An absence of market moving data left mortgage bonds unchanged midday after a stronger morning thanks to influence from overseas markets. Keep an eye out for lower or static mortgage rates. In housing sector news, the Mortgage Bankers Association realeased its Market Composite Index for the latest week, announcing total loan application volume rose by 2.6 percent.

This week will be light where marketing moving reports are concerned, but look out for Friday's Durable Goods. For housing market insights, wait for tomorrow's New Home Sales. 

Yesterday: Mortgage bonds were in weaker territory midday after a lower than expected Consumer Price Index (CPI) was announced by the Labor Department, followed by stronger Existing Home Sales countering former bond strength. Interest rates rose slightly, but were mostly unchanged.

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• 30 year (FRM) rates at 4.16% (+0.01).
• 15 year (FRM) rates at 3.30% (0.00).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.00% (+0.01).
• 5/1 ARM rates at 3.22% (+0.01).