Mortgage Rates 4-1-14

By Stevie Duffin Updated on 4/1/2014

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

Mortgage bonds remain sideways after a volatile morning; mortgage rates are up. CoreLogic reported that home prices in February rose 12.2% compared to the same time last year. Prices rose 0.8% fro January to February, still 17% below the halcyon days of April 2006.

Look out for Wednesday's ADP Employment Report at 8:15AM ET, and naturally Friday's big NFP Employment Situation Report. The markets will surely be keeping a close eye on data leading up to Friday's announcement. 

Recap: Last week's final Q4 GDP reading came back at 2.6%, above the 2.4% gleaned from the third reading. Still no match for Q3, whose reading sits at 4.1%. The final average for 2013 is 2.6%. In more encouraging news, Consumer Spending increased 3.3%, the largest gain in three years. 

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• 30 year (FRM) rates at 4.54% (+0.05).
• 15 year (FRM) rates at 3.53% (+0.02).
• FHA 30 year Fixed rates at 4.05%. (+0.05).
• Jumbo 30 year Fixed rates at 4.30% (+0.03).
• 5/1 ARM rates at 3.25% (+0.02).