Mortgage Rates 6-6-14

By Stevie Duffin Updated on 6/6/2014

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

Mortgage bonds are nearly unchaged even after the May Jobs Report was released with happy news: 217K jobs added and 2k above the expected. No change in unemployment, however. Unemployment was anticipated to jump by 0.1%, so no new news is good news. 

Yesterday: The morning's anticipated European Central Bank (ECB) announcement came back flush with expectations: rate cuts abound and no asset purchasing in sight. Mortgage bonds jumped at the news and were trending in positive territory into the day. 

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• 30 year (FRM) rates at 4.19% (-0.04).
• 15 year (FRM) rates at 3.30% (-0.03).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.00% (-0.03).
• 5/1 ARM rates at 3.22% (-0.01).