Mortgage Rates 6-17-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. MBS are in weaker territory before the Fed meeting. If you are deciding whether to lock or float before the Fed meeting, you should probably go with locking. Lenders are already repricing due to a slight drop in mortgage rates. The consensus is that the Fed will hike rates in September or December. Having a specific date or month set by the Fed today will help stablilize the markets. 

Check back Thursday for core CPI for May, initial jobless claims, continued jobless claims, and Philly Fed Business Index.

Tuesday: MBS and treasuries are consolidating ahead of the Fed meeting tomorrow; they are positively skewed. 30-year FRM, 15-year FRM, and 30-year FHA remain the same as yesterday. They will not budge ahead of tomorrow's meeting. Jumbo 30-year and 5/1 ARM have dropped by 0.01. Expect rates to drop after tomorrow's Fed meeting. The Fed is unlikely to raise interest rates tomorrow since rates have already been spiraling upwards.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.11% (-0.01).
• 15 year (FRM) rates at 3.30% (-0.01).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.92% (-0.01).
• 5/1 ARM rates at 3.10% (+0.06).

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.