Mortgage Rate Update 9 4 14

By Stevie Duffin Updated on 9/4/2014

Mortgage bonds are in weaker territory after a morning rally and flurry of data (including weaker private sector hiring, according to ADP), geopolitical headlines, and what turned out to be a rather underwhelming press conference with European Central Bank President Mario Draghi. The ECB did not make any concrete announcements for the start of Europe's own bond buying (or quantitative easing) initiative. Watch for rising mortgage interest rates. 

Yesterday: Ukraine announced a ceasefire that drove bond markets down hard, and quickly. Mortgage bonds were in negative territory as of midday. Other than geopolitical headlines, no other news moved markets. 

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

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• 30 year (FRM) rates at 4.14% (+0.01).
• 15 year (FRM) rates at 3.28% (0.00).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.02% (+0.01).
• 5/1 ARM rates at 3.23% (+0.01).