Mortgage Rates 3-26-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.  The recent economic data has been very mixed, which explains the random fluctuations in mortgage rates. Jobless claims data was released this morning, with fewer Americans than expected filling out unemployment applications. They fell by 9,000 to 282,000, reaching the lowest level in 5 weeks. Mortgage rates have been slightly increasing this morning. That being said, rates are still very low overall. Check back Friday for the Q4 GDP.

Wednesday: 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.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.70% (+0.02).
• 15 year (FRM) rates at 3.02% (+0.02).
• FHA 30 year Fixed rates at 3.35% (+0.10).
• Jumbo 30 year Fixed rates at 3.62% (+0.02).
• 5/1 ARM rates at 3.12% (+0.02).

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.