Mortgage Rates 6-8-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have increased and remain at their highest levels of the year. The bond markets are consolidating after the NFP results last Friday. There isn't any significant economic data scheduled for today. Most of the MBS action this week will be determined by the global bond markets. Expect mortgage rates to decrease after the bond rally today.

Check back Tuesday for the 3-year note auction; Wednesday for the 10-year note auction; Thursday for May's retail sales, import prices, export prices, intital jobless claims, and the 30-year bond auction; Friday for US PPI Final Demand.

Friday: NFP caused MBS to quickly sell-off this morning. NFP employment increased by 280K in May instead of the expected 226K. In response, mortgage rates have slightly decreased for 30-year and 15-year FRMs and yields are soaring. Europe's bond markets caused MBS to stabilize after this initial reaction. 

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.13% (+0.05).
• 15 year (FRM) rates at 3.34% (+0.03).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.94% (+0.04).
• 5/1 ARM rates at 3.03% (+0.03).

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.