Mortgage Rates 3-21-14

By Stevie Duffin Updated on 3/21/2014

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

Little economic data is out today and bond trading is relatively static. Mortgage rates are up across the board. 

Wednesday's FOMC announcement confirmed that tapering off $10 billion from the Quantitative Easing bond buying program will continue, and projections are pointing to QE's complete demise by this coming fall.

Weekly Initial Jobless claims are up 5K in the latest week, and down 10K from the expected. This resulted in a drop of 3.5 K in the four-week moving average, and marks a new low since November.

Existing Home Sales in February - 4.60 mln - were the lowest since July 2012. They haven't budged much from the last month's reading of 4.62 for January, however. 

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• 30 year (FRM) rates at 4.58% (+0.03).
• 15 year (FRM) rates at 3.55% (+0.03).
• FHA 30 year Fixed rates at 4.06%. (+0.06).
• Jumbo 30 year Fixed rates at 4.33% (+0.03).
• 5/1 ARM rates at 3.24% (+0.03).