Mortgage Rates 4-15-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. This morning has been flooded with negative data. After the positive reports from yesterday, there has been a complete reversal. The economy continues to take one step forward, and then another step back, without any real progress. MBS are not headed in a clear direction. The NY Fed Manufacturing Survey came in at -1.19 instead of the forecasted +7.0. Industrial Production was also lower than forecasted at -0.6 instead of -0.3. Mortgage rates have decreased across the board today.

Check back Thursday there will be the Weekly Jobless Claims Report, March housing starts, and the Phily Fed Business survey; Friday there will be the Consumer Price Index and the Consumer Sentiment Report.

Tuesday: Trading had a strong reaction to the market data released this morning. The economy is showing signs of growth. Retail sales grew 0.9% in March, rising for the first time since November. Predictions for retail sale growth were very close, at 1.0%. Producer price inflation rose 0.2% in March; expectations were at 0.1%. This is the first increase in PPI in five months. Expect MBS to continue to react strongly to the economic data this week. After the trading hiatus these past couple of days, there will be a surge in activity.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.64% (-0.07).
• 15 year (FRM) rates at 2.99% (-0.04).
• FHA 30 year Fixed rates at 3.25% (-0.10).
• Jumbo 30 year Fixed rates at 3.60% (-0.06).
• 5/1 ARM rates at 3.05% (-0.03).

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.