Mortgage Rates 2-21-14

By Stevie Duffin Updated on 2/24/2014

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

Mortgage bonds are back to unchanged levels, but interest rates are up nearly across the board. Most notable is the FHA 30 year fixed, which jumped back up to 4.25% from 4%. 

Yesterday's Consumer Price Index report showed a 0.1% gain in January, below the projected 0.2%. The slow rate of inflation may feel too slow for the Fed, who have been trying to kickstart inflation via quantitative easing.

Weekly Initial Jobless Claims were down by 3K to 336K last week, not too far off from the expected 335K.

Recap: Housing starts are down 16% from December to January - that's 880K units annualized and 80K less than the 963K expected. Building permits fell 5% to 937K, lower than the 980K expected. Lower numbers were attributed to the harsh weather last month, as were many other reports. 

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• 30 year (FRM) rates at 4.47% (+0.04).
• 15 year (FRM) rates at 3.48% (+0.04).
• FHA 30 year Fixed rates at 4.25%. (+0.25).
• Jumbo 30 year Fixed rates at 4.34% (+0.03).
• 5/1 ARM rates at 3.24% (-0.01).