Mortgage Rate Update 9 22 14

By Stevie Duffin Updated on 9/22/2014

Existing home sale data came back weaker than expected, but the effect on bonds was negligible. 5.15 million home sales were recorded in August, which fell to 5.05 in September. Mortgage bonds are still holding their same positive trend from the last couple of days. Watch for dropping mortgage interest rates. 

For other potential market movers this week, look out for new home sales on Wednesday, durable goods and jobless claims Thursday, and the big, fat, final Q2 GDP reading on Friday. 

Friday: No market-moving data was released, and the post-FOMC announcement Thursday turned out to be uneventful for trading. Plenty of data could have inspired some market movement, but did not. Rates rose slightly by the end of the day. 

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• 30 year (FRM) rates at 4.24% (-0.02).
• 15 year (FRM) rates at 3.38% (-0.02).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.09% (-0.02).
• 5/1 ARM rates at 3.23% (-0.01).