Mortgage Rates 4-6-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Trading levels are low today due to the easter holiday and Passover. So far, MBS are close to erasing the majority of Friday's gains. A lot of lenders have repriced negatively or their rates are not any better than last week's. On the bright side, the disappointing NFP results from Friday indicate that the Fed will continue to delay a rate hike.

The 10-year treasury yield from this morning has hovered near eight-week lows. The ISM non-manufacturing data released later today should slightly increase trading levels. 

Check back tomorrow for the 3-year note auction, Wednesday for the 10-year note auction and FOMC minutes, Thursday for initial jobless claims and the 30-year bond auction, and Friday for March's import and export prices.

Friday: 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.

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.