Mortgage Rate Update 9 12 14

By Stevie Duffin Updated on 9/12/2014

Import prices are in and the verdict is an overall drop thanks to declining prices in petroleum products. The data is the lowest since November, but in line with expectations. Retail sales were a different story, reaching higher levels in August, and consumer sentitment skyrocketed to its highest levels in 14 months. The bond markets didn't react to the data, and as of late morning mortgage rates will likely go unchanged. 

Yesterday: Trading dynamics pushed mortgage bonds into stronger territory, which continued through the morning and into the middle of the day. Bonds did not respond to the weaker than expected jobless claims data released earlier: 11 thousand jobless claims were recorded in the latest week. 

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• 30 year (FRM) rates at 4.21% (0.00).
• 15 year (FRM) rates at 3.36% (0.00).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.07% (-0.01).
• 5/1 ARM rates at 3.24% (-0.01).