Mortgage Rates Still on the Rise

Pharmaceutical company Actavis is still dictating today’s range trade after their corporate bond offering yesterday. This morning’s minimal rate fluctuation is due to the fact that the bond offering is lower than yesterday’s estimates. After the deal is finalized later today, it will determine the rates. Until then, there will be instability in either direction. The Activas bond offering will likely rank as the second-largest corporate bond ever. It will continue to push bond sales this year into record territory.

MBS are in weaker territory so expect mortgage rates to increase.

For more potential mortgage market movers, check back Wednesday for ADP national empoyment and ISM PMI, Thursday for jobless claims, and of course Friday for February's big jobs report.

Monday: MBS are in weaker territory today, despite this morning's weak ISM data. Typical end-of-month corporate debt issuance is partially to blame.

For now, watch for rising mortgage interest rates.  

Bookmark this page for daily mortgage rate updates:

• 30 year (FRM) rates at 3.81% (+0.04).
• 15 year (FRM) rates at 3.11% (+0.03).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.80% (+0.03).
• 5/1 ARM rates at 3.12% (+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.