Forgotten Your Password?

Need to Register?

Mortgage Rates 4-17-15

By Carolina Palmer Updated on 4/17/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. After this morning's bond market volatility, MBS remain nearly unchanged. This has been a recurring trend. The first announcement was that the Consumer Price Index rose 0.2% in March for the second consecutive month. The expectation was for a 0.3% increase. The second market mover was the Consumer Sentiment Index for early April. It rose to 95.9 showing an increase in optimism. The expectation was 94.0.

In response, the 15-year fixed rate and FHA 30-year fixed rate have declined today, while the Jumbo 30-year fixed rate and 5/1 ARM rate barely inched higher.

Thursday: There were three pieces of important economic data today. The Philly Fed manufacturing index showed that economic growth could be increasing in April with a reading of 7.5. That is above the forecasted reading of 6. In comparison, in March the reading was at 5. Also, jobless claims increased by 12,000, making this a six week high of 294,000. Construction on new homes rebounded by 2% in March at 926,000. This was below the predicted 1 million. MBS rallied after this data and pushed rates slightly higher, though not completely erasing the gains of yesterday. Expect rates to stay within a narrow range tomorrow.

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.65% (0.00).
  • 15 year (FRM) rates at 2.99% (-0.01).
  • FHA 30 year Fixed rates at 3.25% (-0.05).
  • Jumbo 30 year Fixed rates at 3.62% (+0.01).
  • 5/1 ARM rates at 3.07% (+0.01).

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

Related Searches:
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.

Didn't find the answer you wanted? Ask one of your own.

Get an answer

Related Articles

Subscribe to our news feed.