Mortgage Rates on the Rise?

By Stevie Duffin Updated on 12/2/2014

Mortgage bonds are in weaker territory thanks to corporate debt issuance. Probably not helping matters is New York ISM manufacturing data, which came back stronger than the 55.0 expected at 62.5, as well as strong construction spending. Watch for rising mortgage interest rates. 

Check back tomorrow for more potential market movers, including manufacturing data and ADP employment. Thursday will show jobless claims as usual, and Friday has a slew of data including non-farm payrolls and unemployment. 

Monday: Welcome back after the holiday weekend, and with a stronger opening for mortgage bonds this morning. Since their strong opening, MBS have fallen back a bit (partly thanks to slower ISM output numbers: from 59.0 in October to 58.7 in November), but still be on the lookout for falling mortgage interest rates. 

Bookmark this page for daily mortgage interest rates and market updates.

• 30 year (FRM) rates at 3.87 (-0.01).
• 15 year (FRM) rates at 3.10 (0.00).
• FHA 30 year Fixed rates at 3.25% (-0.10).
• Jumbo 30 year Fixed rates at 3.70% (-0.02).
• 5/1 ARM rates at 3.23% (0.00).