Mortgage Rates 3-16-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Today started off with weak industrial production and housing market data. MBS reacted by increasing rates, but only to levels that are slightly above those of Friday. Overall, the economic data this month has been weaker than predicted. There will be very little action before the Fed meeting on Wednesday.

Check back tomorrow for housing starts and building permit numbers, Wednesday for FOMC economic projections and the Yellen press conference, and Thursday for jobless claims and the Philly Fed business index.

Friday: Mortgage rates have stayed relatively stable today. US producers had weak profit margins in February; the producer price index fell for a fourth straight month. These negative results affected mortgage rates this morning, but rates bounced back almost immediately after to levels that are similar to yesterday's. Other than the PPI, there will be no other major announcements today. Rates will be on cruise control for the next couple of days.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.88% (+0.02).
• 15 year (FRM) rates at 3.14% (+0.01).
• FHA 30 year Fixed rates at 3.5% (0.00).
• Jumbo 30 year Fixed rates at 3.77% (+0.02).
• 5/1 ARM rates at 3.17% (+0.01).

Displaying rates for Mortgage Refinance in CA for $200,000

Disclaimer

Carolina Palmer

Carolina Palmer is the Senior Editor at Lender411. She graduated from Concordia University Irvine with a Bachelor's Degree in Communication Studies and Marketing. She has multiple years of experience in marketing and writing, and has previously worked with 3D Systems and Microsoft.