Mortgage Rate Update 8 11 14

By Stevie Duffin Updated on 8/11/2014

Overseas conflict has been feeding mortgage bond strength, and there will likely be little help from economic data over the course of this light week. Today is no exception - no reports are due. Watch for static or falling mortgage interest rates. For potential market movers, keep an eye out for Wednesday's Retail Sales, Thursday's Import Prices, Friday's release of Empire State Manufacturing data, and of course, geopolitics in the headlines. 

Friday: Bond markets gained strong ground with the announcement of the U.S. air strike in Iraq, but notably lacking were MBSs. As of midday trading, mortgage bonds were in slightly positive territory. Rates dropped. 

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• 30 year (FRM) rates at 4.16% (0.00).
• 15 year (FRM) rates at 3.29% (0.00).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.00% (0.00).
• 5/1 ARM rates at 3.22% (0.00).