What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on Lender411's daily poll.
Mortgage bonds ride in positive territory midday as weak Empire State (NY Fed) manufacturing numbers are announced. The 5.61 rating discerned in March plummeted to 1.29 in April. Shaky headlines out of Ukraine are doing their part for pushing bond prices up, and suggest a glimmer of civil unrest.
However, Consumer Prices are up 0.2%, adding some encouragement to investors that the economy is improving.
Yesterday: Retail Sales came back up 1.1% in March, above the expected and setting a high since September 2012. Mortgage bonds were in positive territory this morning but falling back down to low levels into the afternoon ET.
Market movers this week: Look out for Wednesday's housing starts and building permits, and Friday's Initial Jobless Claims.
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Displaying rates for Mortgage Refinance in CA for $200,000
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