Mortgage Rate Update 8 15 14

By Stevie Duffin Updated on 8/15/2014

Empire State Manufacturing came back weak at 14.69, below the 20 expected and well below the previous recording of 25.6. However, economic data is being dwarfed by the consistent and disconcerting headlines concerning Russian and Ukrainian conflict today, fueling mortgage bond strength. Watch for dropping mortgage rates. 

Yesterday: Weak Import Prices and Weekly Jobless Claims data bolstered mortgage bond strength today, fed from the get-go by less-than-robust European Gross Domestic Product numbers. Mortgage rates dropped. 

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• 30 year (FRM) rates at 4.14% (-0.03).
• 15 year (FRM) rates at 3.29% (-0.01).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.98% (-0.02).
• 5/1 ARM rates at 3.21% (-0.02).