Mortgage Rates May Start the Week Higher

By Stevie Duffin Updated on 2/2/2015

Mortgage bonds are in weaker territory today, although this week will present ample opportunity for market movement and mortgage rate shifts, especially in light of Friday's major jobs report and some overseas action. We'll fill you in as the information arrives. For now, watch for rising mortgage interest rates. 

For other potential mortgage rate movers, check back tomorrow for ISM New York, Wednesday for ISM manufacturing and ADP employment numbers, Thursday for international trade and the usual jobless claims for unemployment benefits, and of course Friday for the January jobs report.

Friday: Mortgage bonds are in more positive territory today, rather unaffected by the higher Chicago PMI reading and happy employment numbers this morning, and instead boosted by the bevy of bond buying abroad. Watch for dropping mortgage interest rates. 

Bookmark this page for daily mortgage rate updates:

• 30 year (FRM) rates at 3.55% (-0.06).
• 15 year (FRM) rates at 2.95% (-0.04).
• FHA 30 year Fixed rates at 3.25% (0.00).
• Jumbo 30 year Fixed rates at 3.58% (-0.03).
• 5/1 ARM rates at 3.13% (-0.11).