Mortgage Rates Nearly Unchanged

The European Central Bank released its quantative easing details which caused only modest volatility this morning. The selling that proceeded stopped before pushing rates into weaker levels, leaving us near unchanged levels heading into the afternoon. Rates have stayed relatively stable since yesterday. After the official jobs report is released tomorrow, expect rates to increase. The intial job report today showed that private job creation grew less than expected in February.

Wednesday: Rates have been volatile over the past couple of days and today there has finally been some relief. MBS have been slowly stabilizing since this morning. The slightly weaker ADP reading made for modest, but immediate gains.

For more potential mortgage market movers, check back tomorrow for February's big jobs report.

Bookmark this page for daily mortgage rate updates:

• 30 year (FRM) rates at 3.85% (+0.00).
• 15 year (FRM) rates at 3.15% (+0.00).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.82% (-0.01).
• 5/1 ARM rates at 3.15% (+0.00).

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.