Mortgage Rates 2-10-14

By Stevie Duffin Updated on 2/10/2014

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

This week will see weekly Initial Jobless Claims, Consumer Sentiment and Retail Sales reports. Treasury debt will hit the market this week, kicking off tomorrow with $30 billion 3-year notes and continuing Wednesday and Thursday with $24 billion 10-year notes and $16 billion 30-year bonds, respectively.

The January Housing Scorecard reported that foreclosure starts for 2013 were as low as 2005 levels. Aggregate homeowner equity was up by $3.4 trillion for 2012 and 2013. 

Recap: The January Jobs Report data was well below expectations, rounding off at 113K new jobs added rather than the projected 175K. Unemployment fell from 6.7% to 6.6%, but the labor force participation rate remains at only 63%, a 35 year low.

Bookmark this page for daily mortgage interest rates and market updates. 

30 year (FRM) rates at 4.38% (-0.04). 

15 year (FRM) rates at 3.41% (-0.03). 

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

Jumbo 30 year Fixed rates at 4.28% (-0.03).

5/1 ARM rates at 3.24% (-0.02).