Mortgage Rates 4-23-14

By Stevie Duffin Updated on 4/23/2014

What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.

Mortgage Bonds have held up relatively well and traded in positive territory even in the face of rallying stocks. After last week's MBS selloff, lower prices are attracting buyers. 

New home sale data out this morning shows a dip for March, and down 13% year-over-year. Speculation points to that old, familiar harsh winter weather, as well as home prices outpacing wage gains. 

The Treasury will continue auctioning 5 and 7-year Notes through Thursday. Initial Jobless Claims numbers will be released tomorrow, 1:00PM ET.

Last week: Weekly Initial Jobless Claims rose by 2K to 304K in the latest week, undercutting the the 312K expected. They're still holding at 7 year lows as firings continue to slow. This week, Fed Chairwoman Janet Yellen announced that the Federal Reserve does not expect to see a robust jobs market for another two years. 

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• 30 year (FRM) rates at 4.48% (+0.02).
• 15 year (FRM) rates at 3.52% (+0.01).
• FHA 30 year Fixed rates at 4.00% (0.00).
• Jumbo 30 year Fixed rates at 4.25% (+0.03).
• 5/1 ARM rates at 3.25% (+0.01).