Watch for Falling Mortgage Rates Before the Weekend

By Stevie Duffin Updated on 2/20/2015

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. 

Thursday: Labor Department jobless claims numbers are in for the week ending Feb. 14, and down to historic lows, hitting a seasonally adjusted 283,000 after falling by 21,000. The other core piece of domestic data comes from the Philly Fed, which reported a drop in its business index well below expectations - from 6.3 to 5.2 - marking the lowest levels in a year. None of the data has had a significant effect on mortgage bond trading, which is sticking pretty close to yesterday's range, and MBS remain at weaker levels. Watch for static or rising mortgage rates.

Bookmark this page for daily mortgage rate updates:

• 30 year (FRM) rates at 3.84% (+0.01).
• 15 year (FRM) rates at 3.11 (+0.01).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.83% (+0.01).
• 5/1 ARM rates at 3.15% (0.00).