Mortgage Rates 6-18-14

By Stevie Duffin Updated on 6/18/2014

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

Mortgage bonds are treading on weak territory today ahead of the 2:00 PM ET Fed monetary policy statement. Higher than expected CPI inflation numbers are adding fuel to the expectations fire, the big question being what influence the news will have on bond buying. 

Yesterday: Mortgage bonds were at weaker levels after inflation data came back high. May's Consumer Price Index (CPI) grew by 0.4% versus the 0.3% expected, thanks to higher costs for gas, electricity and food, marking the highest monthly reading since September 2012. CPI levels, a sign of inflation gains, are walking the line of the Federal Reserve's comfort zone. Investors will be all the more interested to see how CPI influences the FOMC monetary policy statement. 

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• 30 year (FRM) rates at 4.24% (+0.04).
• 15 year (FRM) rates at 3.37% (+0.03).
• FHA 30 year Fixed rates at 3.80% (+0.05).
• Jumbo 30 year Fixed rates at 4.07% (+0.04).
• 5/1 ARM rates at 3.23% (-0.01).