Mortgage Rates 5-27-14

By Stevie Duffin Updated on 5/27/2014

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

The holiday weekend and mixed economic data are contributing to unchanged mortgage bonds levels. Durable Goods rose in April, thanks to spikes in military hardware orders. Consumer Confidence is up as well, rising to 83 from the 81.7 recorded for April. 

Look out for the Mortgage Market Index out tomorrow and the final Q1 GDP reading out Thursday.  

Last week: Fannie Mae's Economic and Housing Outlook for May 2014 wasn't so bright. The statement read, "The housing picture remains more worrisome, with existing home sales, new home sales, housing starts, and multifamily housing all experiencing year-over-year declines despite improving consumer attitudes." Thanks to the better weather among other things, Fannie officials expect a better spring and summer home sale season.

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• 30 year (FRM) rates at 4.16% (0.00).
• 15 year (FRM) rates at 3.28% (0.00).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.96% (0.00).
• 5/1 ARM rates at 3.24% (+0.01).