Mortgage Rates 6-4-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. 30-year and 15-year rates have continued to climb higher today, while ARM rates have slightly decreased since yesterday's highs. A significant portion of the volatile trading activity this week is linked to Europe. Trading volume quickly decreased this morning after German bunds closed. With NFP tomorrow, mortgage rates will react strongly and it will likely push mortgage rates down.

Check back Friday for non-farm payrolls, private payrolls, unemployment rate, manufacturing payrolls, and average workweek hours.

Wednesday: Mortgage rates shot up to some of the highest levels seen in 2015. This is mainly due to commentary from ECB President Draghi. In this morning's press conference he said the ECB would end purchases sooner than expected if conditions are favorable. This is only months after the ECB announced a new stimulus package. In other news, the ISM data for May fell to 55.7 vs the expected 57.0. ADP National Employment shows that private sector employment increased to 201,000 positions in May. This is the best month since January.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.10% (+0.06).
• 15 year (FRM) rates at 3.33% (+0.06).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.92% (+0.07).
• 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.