Mortgage Rates 1-14-14

By Stevie Duffin Updated on 1/14/2014

What will mortgage interest rates do tomorrow? The mortgage market should resist change to interest rates, according to mortgage professionals voting on our daily poll.

Big questions this week surround the fate of bond prices and Fed tapering after Friday's disappointing jobs report. So far, FOMC members feel one weak jobs report will mean very little. Tapering will not likely be put on hold unless the coming weeks reveal extremely poor data that makes the $10billion in bond purchasing less certain. However, after two days of rallying, mortgage bonds prices are stalling and mortgage interest rates continue to drop.

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 dropped by 0.05 to 4.47%. The 52-week high is 4.85%.

15-year (FRM) rates dropped by 0.03 to 3.50%. The 52-week high is 3.90%.

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

Jumbo 30 Year Fixed rates dropped by 0.05 to 4.35%. The 52-week high is 4.79%.

5/1 Year (ARM) rates dropped by 0.03 to 3.24%. The 52-week high is 3.37%.