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Mortgage Rates 6-2-14

By Stevie Duffin Updated on 6/3/2014

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

Welcome to June, and keep an eye out for the May Jobs Report as this week's big market mover, due out this Friday.  

Mortgage Bonds are down after their month-record highs last week, experiencing some volatility into the day after initially weak, then revised ISM data rocked the markets. 

Friday: Mortgage bonds are in positive territory midday after a volatile morning. The Chicago Purchasing Manager's Index (PMI) released this morning showed considerable gains for May at 65.5 and above the 63.0 recorded for April. The data beat out expectations of around 62.0. 

Bookmark this page for daily mortgage interest rates and market updates.

  • 30 year (FRM) rates at 4.12% (+0.03).
  • 15 year (FRM) rates at 3.26% (+0.01).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 3.93% (+0.02).
  • 5/1 ARM rates at 3.24% (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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