Mortgage Rates 7-25-14

By Stevie Duffin Updated on 7/25/2014

Mortgage bonds began the day slightly weaker but experienced gains after Durable Goods data came back 0.2 percent stronger than the projected 0.5 percent. One factor of the Durable Goods report is giving next week's GDP reading an overall negative expectation, hence the positive effect on mortgage bonds. Look out for dropping rates. 

Yesterday: Mortgage bonds were treading in weak territory 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. 

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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).