Mortgage Rates 1-27-14

By Stevie Duffin Updated on 1/28/2014

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

After weeks of stasis, FHA 30 year fixed rates fell to 4.12%. 

The economic calendar for this week includes market moving reports for housing, manufacturing, GDP and consumer attitudes toward the U.S. economy. Perhaps the most anticipated report will be the monetary policy statement arriving Wednesday, 2PM ET, after the FOMC convenes for their two day meeting. 

Recap: The National Association of Realtors reported that December showed disappointing home sales - a 4.2% slump since October. December 2013's numbers were also lower than those of December 2012. However, 2013 on the whole not only showed an overall improvement in home sales over 2012 (by 9.1%), it was the most robust year since the halcyon days of 2006. NAR economists are confident that the housing market is still fleshing out for a healthy recovery. 

 

30-year (FRM) rates at 4.43% (-0.04). 

15-year (FRM) rates at 3.45% (-0.04). 

FHA 30-Year Fixed rates at 4.12%. (-0.13).

Jumbo 30 Year Fixed rates at 4.34% (-0.01).

5/1 Year (ARM) rates at 3.24% (+0.03).