Yesterday Repeats Itself: Mortgage Rates Headed South

By Stevie Duffin Updated on 12/9/2014

German bonds are tanking again today, propelling US bond buying upward. No other significant economic data is moving markets as heavily as the Euro activity. Like yesterday and always, when bonds go up, rates will come down. Watch for falling mortgage interest rates. 

This week's economic calendar is lighter overall, with the main focus being Thursday's plethora of data including jobless claims, import and export prices, and retail sales. For housing news, check in Wednesday for the mortgage refinance index.  

Monday: MBS are in more positive territory this morning, no thanks to falling oil prices, but certainly thanks to European trading cues. Watch for falling mortgage interest rates. 

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

• 30 year (FRM) rates at 3.91 (-0.03).
• 15 year (FRM) rates at 3.15 (-0.03).
• FHA 30 year Fixed rates at 3.40% (-0.10).
• Jumbo 30 year Fixed rates at 3.75% (-0.04).
• 5/1 ARM rates at 3.23% (-0.02).