Mortgage Rates 6-23-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates have begun to rise again today. There were various factors for this including some big corporate debt deals and strong new home sales data. Mortgage rates are back to their highs of the year. Yields on the ten-year Treasury note are also climbing; on Friday they were at 2.26% and now at 2.40%. 

Check back Wednesday for the 5-year note auction; Thursday for consumption in May, core PCE price index, initial jobless claims, and the 7-year note auction.

Monday: Mortgage rates have started off this week by decreasing. Economic data came in strong with US existing home sales beating expectations. They increased 5.1% in May, instead of the expected 4.2%. This surge was mainly due to first-time homebuyers returning to the market. Greece continues to control headlines and is pushing bond markets in a weaker direction. There is considerable progress being made on the debt deal. Keep an eye out for Greece over the next couple of weeks.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.10% (+0.05).
• 15 year (FRM) rates at 3.30% (+0.05).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.90% (+0.05).
• 5/1 ARM rates at 3.10% (-0.02).

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.