Mortgage Rate Update 7 30 14

By Stevie Duffin Updated on 7/30/2014

Mortgage bonds are lower this morning, thanks to the expected strong Q2 GDP reading (though the first of three, and subject to revision), led by increased commercial investment and consumer spending, and stronger than expected ADP payroll data. Rates could be moved more by the 2 PM ET release of the Fed's monetary policy statement. 

For the rest of this packed week, look out for the big July Jobs Report Friday.  

Yesterday: Mortgage bonds were stronger overnight thanks to market influence from overseas, but dropped down to unchanged levels after the latest Consumer Confidence numbers came back stronger than expected. 

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• 30 year (FRM) rates at 4.18% (-0.02).
• 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 4.02% (-0.02).
• 5/1 ARM rates at 3.22% (-0.01).