Mortgage Rate Update 8 22 14

By Stevie Duffin Updated on 8/22/2014

There's little to no economic news due today that could move the bond market, and Yellen's speech at Jackson Hole didn't inspire much of a change either. Keep eyes on Ukraine headlines and trading for mortgage interest rate levels. 

Yesterday: Stronger than expected economic data bolstered mortgage bond weakness. Existing Home Sales hit a high in July, topping June by 2.4 percent. Good news, despite being under year-over-year by 4.3 percent. The Philadelphia Fed business outlook was similarly optimistic; the index rose to 28 from 23.9 in July, blowing expectations for losses out of the water. Rates dropped slightly by end of day. 

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• 30 year (FRM) rates at 4.17% (-0.01).
• 15 year (FRM) rates at 3.30% (-0.01).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.06% (-0.02).
• 5/1 ARM rates at 3.24% (-0.02).