Mortgage Rates 4-9-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates continue to push near record lows this week. This is causing some lenders to consider negative repricing. The 30-year bond auction this morning had weak demand due to residual effects from the jobs report. The treasury department auctioned $13 billion in 30-year bonds at a high yield of 2.597%. Check back tomorrow for March's import and export prices.

Wednesday: The biggest event today was the FOMC minutes. Fed members are divided over hiking rates in June. Several members support a hike in June, others support a hike later in the year, and a couple do not want to see a hike until 2016. Also, the FOMC decided to remove the word "patient" from previous post-meeting statements regarding the approach to increasing interest rates. U.S. bonds continue to hold appeal as the $21 billion sale of 10-year treasury notes brought in a lot of foreign demand. Mortgage rates have responded to these events by continuing to climb. They still remain at low levels overall.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 3.70% (-0.01).
• 15 year (FRM) rates at 3.03% (0.00).
• FHA 30 year Fixed rates at 3.35% (0.00).
• Jumbo 30 year Fixed rates at 3.65% (0.00).
• 5/1 ARM rates at 3.05% (+0.01).

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.