Mortgage Rates 4-3-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Nonfarm payrolls took front and center stage today. The report crushed recent optimism about the economy. 245,000 jobs were expected to be added, but instead that number came out to be 126,000. March has become the worst month for job additions since December 2013. As well, revisions to nonfarm payrolls in January and February decreased their estimates by 69,000 jobs combined.

In comparison to February, more workers in March were not able to report to work due to severe weather. Bonds rallied after the data was released this morning. Rates have climbed lower and expect repercussions to continue on Monday.

Thursday: The strong economic data presented today signals continued recovery in the US market. Jobless claims for last week are near their lowest level in 15 years. Weekly applications fell by 20,000 to a seasonally adjusted 268,000. As well, factory orders rose 0.2% for the first time in six months. Mortgage rates have continued to dip across the board. In relation to where mortgage rates began in 2015, they have held steady.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.62% (-0.08).
• 15 year (FRM) rates at 2.97% (-0.05).
• FHA 30 year Fixed rates at 3.25% (-0.10).
• Jumbo 30 year Fixed rates at 3.57% (-0.04).
• 5/1 ARM rates at 3.00% (-0.03).

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.