Mortgage Rates 5-14-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have not been as volatile this morning. This narrow range for rates will not last long if the trend of the past 2 weeks continues. The bond market uncertainty still remains. Rates are at their highest levels of 2015. Surprisingly, the European bond market is having less of an effect on MBS today. All of the action will be occurring after the Treasury auction at 1pm today--the last one of the week. 

Check back Friday for Fannie Mae and Freddie Mac 15-year as well as NY Fed manufacturing.

Wednesday: Extreme MBS fluctuations continue their crash course today. This erratic behavior is mainly due to overseas action, which is overshadowing domestic economic data. Before April, the 2015 bond markets were fairly stable. European bond weakness has pushed the US bond market into negative territory. MBS and treasuries have been closely following German bunds. The April retail sales report fell short of expectations--excluding autos and gas, retail sales rose 0.2% instead of the forecasted 0.6%. Most lenders have or will be repricing for the worst.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.04% (+0.02).
• 15 year (FRM) rates at 3.27% (+0.01).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.85% (+0.02).
• 5/1 ARM rates at 2.96% (-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.