Mortgage Rates Likely Going Downhill by Tomorrow

By Stevie Duffin Updated on 1/27/2015

Mortgage bonds are in stronger territory today. Watch for dropping mortgage interest rates. Domestic data out today included durable goods, which slipped by 3.4 percent in December, as well as consumer confidence which conversely rose to 2007 highs in January at a reading of 102.9. 

In housing news, new home sales jumped 11.6 percent in December, hitting a six-year high. Case-Shiller showed that U.S. home price gains continue to slow, from 4.5 in October to 4.3 percent in November. 

For more potential mortgage interest rate movers, check back tomorrow for the FOMC rate decision, Thursday for weekly jobless claims, and Friday for Chicago PMI. 

Bookmark this page for daily mortgage rate updates:

• 30 year (FRM) rates at 3.64% (-0.01).
• 15 year (FRM) rates at 3.02% (-0.01).
• FHA 30 year Fixed rates at 3.25% (0.00).
• Jumbo 30 year Fixed rates at 3.63% (0.00).
• 5/1 ARM rates at 3.22% (+0.01).