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Mortgage Rates 4-7-15

By Carolina Palmer Updated on 4/7/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The bond market is saturated with low liquidity today. There are still many absences due to the holiday. The Job Openings and Labor Turnover Survey was released this morning. Job openings in February rose 3.4% (making it a 14-year high). However, employers filled fewer of those jobs than in the previous month. This caused some trading movement and rates responded by sharply increasing. Check back Wednesday for the 10-year note auction and FOMC minutes, Thursday for initial jobless claims and the 30-year bond auction, and Friday for March's import and export prices.

Monday: Trading levels are low today due to the easter holiday and Passover. So far, MBS are close to erasing the majority of Friday's gains. A lot of lenders have repriced negatively or their rates are not any better than last week's. On the bright side, the disappointing NFP results from Friday indicate that the Fed will continue to delay a rate hike. The 10-year treasury yield from this morning has hovered near eight-week lows. The ISM non-manufacturing data released later today should slightly increase trading levels.

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.69% (+0.07).
  • 15 year (FRM) rates at 3.01% (+0.04).
  • FHA 30 year Fixed rates at 3.30% (+0.05).
  • Jumbo 30 year Fixed rates at 3.63% (+0.06).
  • 5/1 ARM rates at 3.02% (+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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