Mortgage Rates 3-25-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Durable goods orders in February were weaker than predicted (-1.4 instead of the forecasted +0.4). This is in constrast to last month when durable goods had increased despite severe weather conditions. Mortgage rates reacted by continuing to decrease. Expect mortgage rates to fluctuate very little ahead of next week when data from March will be reported. The 5-year auction at 1 pm is the next event today that has potential to increase trading levels.

Check back Thursday for initial jobless claims and the 7-year note auction, and Friday for the Q4 GDP.

Tuesday: Rates have continued to decrease, except for the 5/1 ARM rates which increased by 2 points. The consumer price index was released for February which rose for the first time in four months. It increased 0.2% over the prior month signaling that the economy is recovering. The data from new home sales in February was also positive. These sales climbed to the highest level in seven years at 7.8%. This spring looks to be a promising season for the housing market and MBS.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.68% (-0.04).
• 15 year (FRM) rates at 3.00% (-0.02).
• FHA 30 year Fixed rates at 3.25% (0.00).
• Jumbo 30 year Fixed rates at 3.60% (-0.03).
• 5/1 ARM rates at 3.10% (-0.02).

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

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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.