Mortgage Rates 6-5-15

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. NFP caused MBS to quickly sell-off this morning. NFP employment increased by 280K in May instead of the expected 226K. In response, mortgage rates have slightly decreased for 30-year and 15-year FRMs and yields are soaring. Europe's bond markets caused MBS to stabilize after this initial reaction. 

Thursday: 30-year and 15-year rates have continued to climb higher today, while ARM rates have slightly decreased since yesterday's highs. A significant portion of the volatile trading activity this week is linked to Europe. Trading volume quickly decreased this morning after German bunds closed. With NFP tomorrow, mortgage rates will react strongly and it will likely push mortgage rates down.

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• 30 year (FRM) rates at 4.08% (-0.02).
• 15 year (FRM) rates at 3.31% (-0.02).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.90% (-0.02).
• 5/1 ARM rates at 3.00% (+0.03).

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.