Mortgage Rates 1-17-14

By Stevie Duffin Updated on 1/17/2014

What will mortgage interest rates do tomorrow? Rates should hold steady, according to mortgage professionals voting on our daily poll.

Mortgage bond prices are relatively unchanged today, and mortgage interest rates have dropped slightly. New stats show building permit acquisition - a sign of future construction - is below the projected (1,000K) by about 3% (986K). 

Last week showed an 11.9% increase in mortgage applications, a relative comeback after a 12-year low during the previous holiday week. Refinance applications fell 1% to 62% of all mortgage applications in the same week - the lowest since September. 

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 0.03 to 4.50%. 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 0.02 to 4.38%. The 52-week high is 4.79%.

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