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Mortgage Rates 5-29-14

By Stevie Duffin Updated on 5/29/2014

What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.

Mortgage bonds carried through the Gross Domestic Product reading at unchanged levels this morning. 

The recent Q1 GDP was read at -1.0% after the initial 0.1%. GDP readings have not come back negative since the -1.3% recorded in Q1 2011. Negativity was expected, but only at -0.5%. Decline is being attributed to losses in private inventory investments, exports, plant, home and office construction, as well as local and state government spending. Staying static are consumer spending and inflation. 

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  • 30 year (FRM) rates at 4.08% (-0.08).
  • 15 year (FRM) rates at 3.25% (-0.04).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 3.90% (-0.06).
  • 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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