Mortgage Rate Update 9 3 14

By Stevie Duffin Updated on 9/3/2014

Ukraine announced a ceasefire last night that drove bond markets down hard, and quickly. Mortgage bonds are in negative territory as of the middle of today. Other than geopolitical headlines, no other news is moving the markets much. Watch for rising mortgage interest rates.

Yesterday: Mortgage bonds were weaker, though they weren't pressured much lower by strong ISM data. United States manufacturing was recorded at a three-year high last month, jumping above expectations of 56.9 to 59.  

This short, post-holiday week will be rife with employment figures: watch out for tomorrow's ADP National Employment and Friday's big boy, the August job report, including Unemployment and Payrolls data. 

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• 30 year (FRM) rates at 4.13% (+0.03).
• 15 year (FRM) rates at 3.28% (+0.02).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.01% (+0.03).
• 5/1 ARM rates at 3.22% (0.00).