Mortgage Rate Update 7 28 14

By Stevie Duffin Updated on 7/28/2014

Mortgage bonds have been weaker today, only temporarily showing some positive movement in the morning. Pending Home Sales came back weaker than expected. Keep an eye out for static or rising rates. For the rest of this packed week, look out for the latest Fed rate decision and GDP Wednesday, and the big July Jobs Report Friday. 

Friday: 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 4.19% (-0.01).
• 15 year (FRM) rates at 3.32% (-0.01).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.03% (-0.01).
• 5/1 ARM rates at 3.23% (0.00).