Mortgage Rates 6-26-14

By Stevie Duffin Updated on 6/26/2014

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.

Mortgage bonds rallied around mixed data this morning, and rates are down. 

Yesterday: The final Q1 GDP reading showed a weak -2.9 percent this morning, significantly lower than the -1.8 percent expected. This marks the worst reading since Q1 of 2009, often considered the peak of the recession.

The Mortgage Bankers Association's Market Composite Index fell 1% last week, for both purchase and refinance loan appications. Combined with higher existing home sales (data released earlier this week), industry authorities are concerned that housing cannot recover without employment stability. 

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• 30 year (FRM) rates at 4.13% (-0.04).
• 15 year (FRM) rates at 3.29% (-0.03).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.97% (-0.03).
• 5/1 ARM rates at 3.22% (0.00).