Mortgage Rates 4-23-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have spiked after selling off this morning. This sell off can be attributed to corporate bond action. Corporate bonds are an alternative, attractive investment to MBS. Investors have put down a surprisingly large amount of money totaling more than $70 billion for the AT&T corporate bond. There is a great desire to sell MBS to make space for this opportunity. By selling MBS, the issuer protects themselves from rates increasing during the corporate bond issuance process. Once the coporate bond is actually issued, investors will buy back some of the MBS they sold off. Check back Friday for durable good sales in March.

Wednesday: With the spring house buying season starting to kick off, finally the bond markets are seeing some action. Finally the markets are seeing some bond action. Spring housing season is starting to pick up. Sales of previously owned homes in March were stronger than expected at 5.19 million instead of the forecasted 5.03 million. This is a 6.1% increase over the previous month of February which was at 4.89 million. MBS selling increased after this influx of positive data.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.71% (+0.05).
• 15 year (FRM) rates at 3.04% (+0.03).
• FHA 30 year Fixed rates at 3.40% (+0.10).
• Jumbo 30 year Fixed rates at 3.65% (+0.04).
• 5/1 ARM rates at 3.03% (-0.04).

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.