Mortgage Rates Heat Up in Time for Valentine's Day

By Stevie Duffin Updated on 2/13/2015

Mortgage bonds have been weaker today. January import and export price data is in, and it's showing drops across the board. Import prices have seen their biggest dip in seven years, falling 2.8 percent last month. A large contributor to the price decrease was the lower cost of petroleum, the evidence of which is likely posted at your local gas station. Export prices are similarly down, falling by 2 percent. Watch for rising mortgage interest rates.

Previous: Today has been uneventful for both overseas headlines and domestic data. There's still a treasury auction that may dictate where mortgage interest rates head next, but for now expect static or rising mortgage rates.

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• 30 year (FRM) rates at 3.78% (-0.01).
• 15 year (FRM) rates at 3.07 (-0.01).
• FHA 30 year Fixed rates at 3.35% (-0.03).
• Jumbo 30 year Fixed rates at 3.82% (0.00).
• 5/1 ARM rates at 3.15% (0.00).