Mortgage Rates May Drop Despite Bonds Backing Off

By Stevie Duffin Updated on 12/1/2014

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. 

Check back tomorrow for more potential market movers, including contruction spending and New York ISM. More manufacturing data and ADP employment are out Wednesday, Thursday will show jobless claims as usual, and Friday has a slew of data including non-farm payrolls and unemployment. 

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

• 30 year (FRM) rates at 3.88 (-0.01).
• 15 year (FRM) rates at 3.11 (0.00).
• FHA 30 year Fixed rates at 3.35% (-0.03).
• Jumbo 30 year Fixed rates at 3.71% (-0.02).
• 5/1 ARM rates at 3.24% (0.00).