Mortgage Rates 3-13-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have stayed relatively stable today. US producers had weak profit margins in February; the producer price index fell for a fourth straight month. These negative results affected mortgage rates this morning, but rates bounced back almost immediately after to levels that are similar to yesterday's. Other than the PPI, there will be no other major announcements today. Rates will be on cruise control for the next couple of days.

Thursday: Retail sales were very weak, falling for the third consecutive month. This was contrary to expectations and caused investors to purchase a significant amount of US government bonds. MBS have responded with decreasing rates. The $13 billion sale of 30-year bonds at 1 pm will decide what direction MBS will go in. Expect rates to continue to decrease.Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.86% (-0.01).
• 15 year (FRM) rates at 3.13% (-0.02).
• FHA 30 year Fixed rates at 3.5% (0.00).
• Jumbo 30 year Fixed rates at 3.75% (0.00).
• 5/1 ARM rates at 3.16% (-0.01).

Displaying rates for Mortgage Refinance in CA for $200,000

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Carolina Palmer

Carolina Palmer is the Senior Editor at Lender411. She graduated from Concordia University Irvine with a Bachelor's Degree in Communication Studies and Marketing. She has multiple years of experience in marketing and writing, and has previously worked with 3D Systems and Microsoft.