Mortgage Rates 7-24-14

By Stevie Duffin Updated on 7/25/2014

Mortgage bonds are treading in weak territory today even after the New Home Sales report for June came back with a disappointing 8.1 percent drop from May. This equates to an annual rate of 406 thousand, below the expected 475 thousand. Look out for rising mortgage rates.

Yesterday: An absence of market moving data left mortgage bonds unchanged midday after a stronger morning thanks to influence from overseas markets.  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 tomorrow's Durable Goods. 

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• 30 year (FRM) rates at 4.20% (+0.04).
• 15 year (FRM) rates at 3.34% (+0.04).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.04% (+0.04).
• 5/1 ARM rates at 3.23% (+0.01).