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Mortgage Rates 1-28-14

By Stevie Duffin Updated on 1/28/2014

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

The economic calendar for this week includes market moving reports for housing, manufacturing, GDP and consumer attitudes toward the U.S. economy. Perhaps the most anticipated report will be the monetary policy statement arriving tomorrow, 2PM ET, after the FOMC convenes for today's meeting. 

The Durable Goods report came back less than impressive for December - 4.3% under, as opposed to the expected 2.1% boost. Mortgage bonds bounced back to nearly unchanged levels since yesterday. 

Consumer Confidence, on the other hand, is sitting pretty - the index rating is up to 80.7, an improvement from the 77.5 reported in December. While the 80.7 pales in comparison to the triple digit ratings of pre-downturn 2007, it comes with promise that buyers are feeling more primed to buy. 

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

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

30-year (FRM) rates at 4.47% (+0.04). 

15-year (FRM) rates at 3.49% (+0.04). 

FHA 30-Year Fixed rates at 4.20%. (+0.08).

Jumbo 30 Year Fixed rates at 4.35% (+0.01).

5/1 ARM rates at 3.21% (-0.03).

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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