Mortgage Rates 1-31-14

By Stevie Duffin Updated on 1/31/2014

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

The conclusion of Wednesday's FOMC meeting came with news that the Fed will continue to taper their QE bond buying program by another $10 billion every month.

GDP is on the steady rise and is reported to have grown by 3.2% in Q4 2013. Economists attribute GDP health to robust household spending, but speculate that stationary wage in 2014 could reverse the progress.

According to the Economic Policy Institute, the national number of people out of work for at minimum 27 weeks dropped to 3.8 million in December 2013, a vast improvement from the 4.7 million recorded in December 2012.

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Displaying rates for Mortgage Refinance in CA for $200,000

Disclaimer

30-year (FRM) rates at 4.41% (+0.01).

15-year (FRM) rates at 3.44% (+0.01).

FHA 30-Year Fixed rates at 4.00%. (+0.00).

Jumbo 30 Year Fixed rates at 4.31% (+0.00).

5/1 ARM rates at 3.25% (+0.00).

About The Author:

Stevie Duffin

Stevie is the Senior Editor at Lender411. She manages the site's Authorship Program and social media pages. Stevie graduated from UC Santa Barbara with a BS. Contact her: stevie@lender411com.

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