Mortgage Rates 4-8-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The biggest event today was the FOMC minutes. Fed members are divided over hiking rates in June. Several members support a hike in June, others support a hike later in the year, and a couple do not want to see a hike until 2016. Also, the FOMC decided to remove the word "patient" from previous post-meeting statements regarding the approach to increasing interest rates.

U.S. bonds continue to hold appeal as the $21 billion sale of 10-year treasury notes brought in a lot of foreign demand. Mortgage rates have responded to these events by continuing to climb. They still remain at low levels overall.

Check back Thursday for initial jobless claims and the 30-year bond auction, and Friday for March's import and export prices.

Tuesday: The bond market is saturated with low liquidity today. There are still many absences due to the holiday. The Job Openings and Labor Turnover Survey was released this morning. Job openings in February rose 3.4% (making it a 14-year high). However, employers filled fewer of those jobs than in the previous month. This caused some trading movement and rates responded by sharply increasing.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.71% (+0.02).
• 15 year (FRM) rates at 3.03% (+0.02).
• FHA 30 year Fixed rates at 3.35% (+0.05).
• Jumbo 30 year Fixed rates at 3.65% (+0.02).
• 5/1 ARM rates at 3.04% (+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.