Will Mortgage Rates Recover From Friday's Levels?

By Stevie Duffin Updated on 2/9/2015

Not likely that it will happen today. MBS are in weaker territory, close to Friday's low levels, especially thanks to the presence of mortgage bond trading alternatives like corporate bonds. Watch for static mortgage interest rates. This week is rather light where economic reports are concerned, save for Thursday's retail sales and the usual jobless claims, and Friday's import and export prices. Check back then for potential mortgage market movers, and keep watching the headlines surrounding the ever infuential European market.

Previous: The January jobs report is in, and a strong one: 257,000 jobs were added last month, although as a side effect of the inflated work force, the unemployment rate was recorded 0.01 tick higher at 5.7 percent. Revisions to previous reports showed improvement as well, accounting for a total 147,000 jobs overall. Mortgage bond MBS trading tanked; watch for rising mortgage interest rates.

Bookmark this page for daily mortgage rate updates:

• 30 year (FRM) rates at 3.72% (+0.09).
• 15 year (FRM) rates at 3.02% (+0.02).
• FHA 30 year Fixed rates at 3.25% (0.00).
• Jumbo 30 year Fixed rates at 3.75% (+0.12).
• 5/1 ARM rates at 3.12% (+0.04).