Mortgage Rates 3-17-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have been relatively inactive ahead of the Federal Open Market Committee (FOMC). This committee meeting is expected to result in restrictive monetary policy, thus increasing interest rates. Wall Street's negative sentiment is being driven by the housing report from February--noting that there has been a decrease in new home construction, but an increase in the purchase of permits. Expect mortgage rates to rise after the FOMC since economic conditions have been unfavorable so far this year.

Check back Wednesday for FOMC economic projections and the Yellen press conference, and Thursday for jobless claims and the Philly Fed business index.

Monday: Today started off with weak industrial production and housing market data. MBS reacted by increasing rates, but only to levels that are slightly above those of Friday. Overall, the economic data this month has been weaker than predicted.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.87% (-0.01).
• 15 year (FRM) rates at 3.13% (-0.01).
• FHA 30 year Fixed rates at 3.5% (0.00).
• Jumbo 30 year Fixed rates at 3.75% (-0.02).
• 5/1 ARM rates at 3.17% (0.00).

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.