Mortgage Rates 4-28-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Consumer confidence for April was lower than forecasted, reaching its lowest level since December. It was 95.2 instead of the predicted 102.5. The 5 year auction was another piece of economic data that was beneficial for bonds. This temporarily boosted the bond market and mortgage rates began decreasing.

Check back Wednesday for the 7-year note auction and FOMC rate decision; Thursday for the weekly initial jobless claims, Chicago PMI, and real personal consumption for March; Friday for ISM manufacturing PMI for April and March's construction spending.

Monday: The activity in Europe caused some action in the US bond market. As a result, MBS had lower prices and higher yields. MBS then bounced back after this morning's activity and are relatively unchanged in comparison to Friday. Thankfully, there are many events coming up this week. 

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.71% (0.00).
• 15 year (FRM) rates at 3.04% (0.00).
• FHA 30 year Fixed rates at 3.35% (-0.02).
• Jumbo 30 year Fixed rates at 3.63% (-0.01).
• 5/1 ARM rates at 2.97% (-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.