Mortgage Rates 3-3-14

By Stevie Duffin Updated on 3/3/2014

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

Despite Putin's announcement of his decision to invade Ukraine pushing more investment in bonds, little economic data will be movng the US market today. Mortgage bond levels jumped only slightly this morning. 

Look out for Wednesday's ISM Non-Manufacturing and ADP reports, Thursday's Jobless Claims as well as the European Central Bank press conference, and Friday's Payrolls report. 

Recap: The second GDP reading for Q4 2013 showed a disappointing 2.4%. The initial reading had been 3.2% and well beneath Q3's 4.1%. The drop is being attributed to weak consumer spending and commercial export data, an indicator of still turbulent economic recovery. Additionally, many factors that detract from GDP growth saw gains: federal, state, and local government spending; residential fixed investment; and imports. 

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• 30 year (FRM) rates at 4.38% (+0.03).
• 15 year (FRM) rates at 3.40% (+0.01).
• FHA 30 year Fixed rates at 3.75%. (+/-0.00).
• Jumbo 30 year Fixed rates at 4.24% (+0.02).
• 5/1 ARM rates at 3.23% (+/-0.00).