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Mortgage Rates 4-4-14

By Stevie Duffin Updated on 4/7/2014

What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on our daily poll.

Just below the 195K expected, March saw 192K new jobs and 37K jobs were added to the January and February reports. Hourly wages left much to be desired but on a better note, average hours worked per week were up. The markets didn't blink much at the information, although bonds bounced back from a slow morning and week. 

Yesterday's Weekly Initial Jobless Claims jumped 16K, only slightly above the 320K expected. Mortgage bonds didn't jump at this data, but look out for Friday's big NFP Employment Situation Report. The markets will surely be holding their breath leading up to Friday's announcement.

Wednesday's ADP report showed private employer hires at 191K, below the 215 expected. The big report comes Friday when government jobs data is projected to be 195K in the public and private sectors. 

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  • 30 year (FRM) rates at 4.55% (-0.01).
  • 15 year (FRM) rates at 3.53% (-0.01).
  • FHA 30 year Fixed rates at 4.12%. (0.00).
  • Jumbo 30 year Fixed rates at 4.30% (-0.01).
  • 5/1 ARM rates at 3.25% (0.00).

Displaying rates for Mortgage Refinance in CA for $200,000

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About The Author:
Stevie Duffin
Stevie is the Senior Editor at Lender411. She manages the site's Authorship Program and social media pages. Stevie graduated from UC Santa Barbara with a BS. Contact her: stevie@lender411com.

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