Mortgage Rate Update 9 10 14

By Stevie Duffin Updated on 9/10/2014

Mortgage bonds continue to hold the weakness trend today, and mortgage rates are at their highest levels of late. The bond isn't experiencing a great deal of volatility in general, likely in anticipation of next week's FOMC announcement where the Fed is speculated to include modified talk about rate hikes in its policy statement. Watch for rising mortgage interest rates. 

The Mortgage Bankers Association's Mortgage Market Index came in at a not so pretty 7.2 percent below the previous week, marking the lowest levels since 2000. 

This week is going to be quieter than last where economic reports are concerned. Keep an eye out for Jobless Claims tomorrow and Retail Sales and Import Prices on Friday.

Yesterday: Mortgage bonds held their weaker levels, and no market moving reports were due. Mortgage rates rose. 

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• 30 year (FRM) rates at 4.18% (+0.03).
• 15 year (FRM) rates at 3.33% (+0.02).
• 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% (0.00).