Mortgage Rates 2-24-14

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.

With little economic data out today, mortgage bonds are relatively static. But this week, expect bond market movement influenced by treasury note auctions Tuesday, Wednesday and Thursday for $32 billion two-year, $35 billion five-year and $29 billion seven-year notes, respectively. 

Another mover is Consumer Confidence, which will be released tomorrow at 10:00 AM ET. While harsh weather conditions are still largely blamed for poor market data, Confidence should be a more straightfoward reading considering snow has little to do with purchasing power; rather it ultimately affects business activity more from an employee standpoint. 

For the rest of the week, watch out for Yellen's meeting with the Senate Banking Committee Thursday, and Consumer Sentiment and GDP, both out Friday.

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. 

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

• 30 year (FRM) rates at 4.49% (+0.02).
• 15 year (FRM) rates at 3.50% (+0.02).
• FHA 30 year Fixed rates at 4.25%. (+/-0.00).
• Jumbo 30 year Fixed rates at 4.36% (+0.02).
• 5/1 ARM rates at 3.25% (+0.01).