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Mortgage Rates 3-12-15

By Carolina Palmer Updated on 3/12/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Retail sales were very weak, falling for the third consecutive month. This was contrary to expectations and caused investors to purchase a significant amount of US government bonds. MBS have responded with decreasing rates. The $13 billion sale of 30-year bonds at 1 pm will decide what direction MBS will go in. Expect rates to continue to decrease.

Wednesday: Today's auction of 10-year treasury notes sold $21 billion. The demand was about average and the yield was higher than February's, so it went well overall. The 10-year note auction will be impacting MBS as rates have continued to decrease.

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  • 30 year (FRM) rates at 3.87% (-0.04).
  • 15 year (FRM) rates at 3.15% (-0.04).
  • FHA 30 year Fixed rates at 3.5% (-0.10).
  • Jumbo 30 year Fixed rates at 3.75% (-0.07).
  • 5/1 ARM rates at 3.17% (-0.02).

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

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About The Author:
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.

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