Mortgage Rates 5-5-14

By Stevie Duffin Updated on 5/5/2014

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

An uneventful economic calendar once again leaves investors to watch the headlines. Mortgage bonds are in positive territory today, partly due to unsettling Ukraine updates hitting the newswires. Pro-Russia militants are battling with Ukraine in the city of Slavyansk. Keep an eye out for these terms when searching your news sources for geopolitical movers.

Also this week, Treasury auctions starting Tuesday through Thursday and Weekly Initial Jobless Claims the same day, 8:30 AM ET. 

Recap: Employment came back with positive numbers Friday morning - 288K jobs were added in April, well below the projected 218K. Revised data from February and March revealed gains as well. Unemployment is sitting pretty at 6.3%, prettier than the 6.7% reading in March and below the 6.6% expected. 

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• 30 year (FRM) rates at 4.24% (-0.05).
• 15 year (FRM) rates at 3.35% (-0.03).
• FHA 30 year Fixed rates at 3.90% (-0.05).
• Jumbo 30 year Fixed rates at 4.00% (-0.03).
• 5/1 ARM rates at 3.25% (0.00).