Mortgage Rate Update 8 6 14

By Stevie Duffin Updated on 8/6/2014

Bonds started the morning strong thanks to overseas markets but are now easing back. Watch for falling mortgage rates. In housing news, the MBA's Mortgage Market Index (total loan applications) is up 1.6 percent in the latest week, but is down year-over-year. 

Yesterday: ISM's stronger than expected Non-Manufacturing Index (strongest since 2005) is helping push mortgage bonds into weaker territory. Look out for rising mortgage rates.                       

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• 30 year (FRM) rates at 4.22% (+0.01).
• 15 year (FRM) rates at 3.33% (+0.01).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.05% (+0.01).
• 5/1 ARM rates at 3.24% (0.00).