Mortgage Rates 6-16-14

By Stevie Duffin Updated on 6/16/2014

What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.

Another reading for Q1 GDP came back much lower than the initial (2.0% as opposed to 2.8%) and contributed to mortgage bonds gaining ground into the day. This is despite solid Empire State Manufacturing data for June: 19.28, well above the expected 12.8. 

Look out for the Fed's monetary policy statement and clues about the fate of their bond buying, out Wednesday at 2:00 PM ET. 

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• 30 year (FRM) rates at 4.23% (+0.03).
• 15 year (FRM) rates at 3.36% (+0.03).
• FHA 30 year Fixed rates at 3.80% (+0.05).
• Jumbo 30 year Fixed rates at 4.06% (+0.03).
• 5/1 ARM rates at 3.25% (+0.03).