Mortgage Rates 6-18-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Bonds rallied after yesterday's Fed meeting. As markets expected, the status quo will remain. The Fed will be keeping interest rates at zero and did not make it clear when the first hike in 9 years will happen. MBS have been in weaker territory this morning. They decreased after positive housing data. Permits for multi-family developments increased by 29.4%, now reaching the highest level in 25 years. Single-family housing permits increased 2.6%.

Wednesday: 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. 

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.09% (-0.02).
• 15 year (FRM) rates at 3.28% (-0.02).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.90% (-0.02).
• 5/1 ARM rates at 3.12% (+0.02).

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.