Mortgage Rates 3-30-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The most significant market movers this week will be the conclusion of the month and Q1. February's Incomes and Outlays data released this morning shows that personal income rose $58.6 billion. Wages and salaries were up $23.9 billion in February and personal outlays (PCE, personal interest payments, and personal current transfer payments) rose $14.2 billion after falling $25.4 billion in January. Bonds rallied after this data was released. This was short-lived and there will be little movement ahead of the end-of-the-month reports this week.

Check back tomorrow for the Chicago Purchasing Managers Index and consumer confidence for March; Wednesday for ADP national employment, ISM Manufacturing PMI, and construction spending; Thursday for international trade, initial jobless claims, and ISM-New York index; Friday for March's non-farm payrolls, private payrolls, average workweek hours, manufacturing payrolls, and unemployment rate mm.

Friday: Although markets are focusing on the Q1 gdp for 2015, the third and finalized estimate for 2014's Q4 was released today. The result was that gdp grew 2.2%, whereas the forecast was 2.4%. It was close enough to the forecast to negate any real impact on rates. Mortgage rates have continued to increase this morning and have regained their losses since the fed meeting last week. There is no other significant data that will be released until Monday. Expect rates to keep within a narrow range for the remainder of the week.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.79% (-0.01).
• 15 year (FRM) rates at 3.08% (-0.01).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.67% (-0.01).
• 5/1 ARM rates at 3.16% (+0.01).

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

Disclaimer

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.