Mortgage Rates 6-3-14

By Stevie Duffin Updated on 6/3/2014

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 started the morning in negative territory and have been slowly clambering back into neutral territory. 

Home prices rose by 10.5% year-over-year in April, according to CoreLogic. Data is down from the 11.11% recorded for March. Prices were up 2.1% overall from March to April. CoreLogic also released a prediction of 6.3% year-over-year gains for April 2015, saying, "The weakness in home sales that began a few months ago is clearly signaling a slowdown in price appreciation. The 10.5% increase in April, compared to a year earlier, was the slowest rate of appreciation in 14 months."

Keep an eye out for the May Jobs Report as this week's big market mover, due out this Friday.  

Yesterday: Mortgage Bonds are down after their month-record highs last week, experiencing some volatility into the day after initially weak, then revised ISM data rocked the markets. 

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• 30 year (FRM) rates at 4.16% (+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% (+0.04).
• 5/1 ARM rates at 3.25% (+0.01).