Mortgage Rates 4-17-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. After this morning's bond market volatility, MBS remain nearly unchanged. This has been a recurring trend. The first announcement was that the Consumer Price Index rose 0.2% in March for the second consecutive month. The expectation was for a 0.3% increase. The second market mover was the Consumer Sentiment Index for early April. It rose to 95.9 showing an increase in optimism. The expectation was 94.0.

In response, the 15-year fixed rate and FHA 30-year fixed rate have declined today, while the Jumbo 30-year fixed rate and 5/1 ARM rate barely inched higher.

Thursday: There were three pieces of important economic data today. The Philly Fed manufacturing index showed that economic growth could be increasing in April with a reading of 7.5. That is above the forecasted reading of 6. In comparison, in March the reading was at 5. Also, jobless claims increased by 12,000, making this a six week high of 294,000. Construction on new homes rebounded by 2% in March at 926,000. This was below the predicted 1 million. MBS rallied after this data and pushed rates slightly higher, though not completely erasing the gains of yesterday. Expect rates to stay within a narrow range tomorrow.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.65% (0.00).
• 15 year (FRM) rates at 2.99% (-0.01).
• FHA 30 year Fixed rates at 3.25% (-0.05).
• Jumbo 30 year Fixed rates at 3.62% (+0.01).
• 5/1 ARM rates at 3.07% (+0.01).

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.