Mortgage Rates 1-10-14

By Stevie Duffin Updated on 1/10/2014

What will mortgage interest rates do tomorrow? The mortgage market should resist change, according to mortgage professionals voting on our daily poll. However, this week will provide a few market moving economic reports. This morning, the Labor Department released data about new jobs added in December 2013, amounting to 74,000, below their projections. However, the national unemployment rate dropped to 6.7%. This is the lowest number since November of 2008.

The most influential report comes today in the the form of a Non-Farm Payroll report. The Fed will keep a close eye on upcoming data to support further changes in monetary policy. Two weeks of holidays brought momentary stability in the market place, but expect fluctuation and a steady climb in interest rates as we near the January 29 FOMC meeting. Bookmark this page for daily mortgage news and your rate update.  

30-year (FRM) rates stayed at 4.62%. The 52-week high is 4.85%.

15-year (FRM) rates stayed at 3.64%. The 52-week high is 3.90%.

FHA 30-Year Fixed rates stabilized at 4.25%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates stayed at 4.55%. The 52-week high is 4.79%.

5/1 Year (ARM) rates held at 3.25%. The 52-week high is 3.37%.