Mortgage Rates May Drop, Despite More Greek Bailout Fakeout

By Stevie Duffin Updated on 2/26/2015

Mortgage bonds had been going strong on Friday (see below) before falling into weaker territory courtesy still of European influence (Greek bailout considerations in particular), pushing interest rates back up. As of now, the possibility of a Greek bailout is shaky, and MBS are in stronger territory. Watch for dropping mortgage interest rates. 

For more potential mortgage market movers, check back tomorrow for Case Shiller and Yellen's Senate Banking Committee speech, and consumer confidence, Wednesday for new home sales and Yellen's testimony with House Financial Services, Thursday for CPI, jobless claims and durable goods, and Friday for preliminary GDP data and Chicago PMI. 

Friday: With more headlines out of Europe came some mortgage bond buying, and now MBS are in stronger territory. There's little to no domestic data out today to either feed or get cold shouldered by traders, so just about all the action can be attributed to newswires rife with the Greece-Eurozone interaction, the reports and results of which have been volatile all day. For now, watch for falling mortgage interest rates. 

Bookmark this page for daily mortgage rate updates:

• 30 year (FRM) rates at 3.85% (+0.01).
• 15 year (FRM) rates at 3.12 (+0.01).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.84% (+0.01).
• 5/1 ARM rates at 3.16% (+0.01).