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Mortgage Rates 3-6-14

By Stevie Duffin Updated on 3/6/2014

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

Weekly Initial Jobless Claims fell to 323K, a difference of 26K and below the 338K expected. This data is the lowest since November. As a result, the four week moving average dropped by 2K to 336K.

CoreLogic reports that 4 million homes regain positive equity in 2013; 6.5 million are underwater (half the number toward the end of 2009). A total of about 42.7 million homeowners have some equity. 

ISM reported yesterday morning that service sector growth dipped to a four year low last month, from 55.4% to 47.5%. Disappointing news especially when coupled with ADP's report that service added only 120K new jobs last month, which represents a drop in year-over-year gains. Bad weather is still largely to blame for the bad numbers, according to ISM.

Look out for tomorrow's February Jobs report which will include the unemployement rate. 

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

  • 30 year (FRM) rates at 4.42% (+/-0.00).
  • 15 year (FRM) rates at 3.43% (+/-0.00).
  • FHA 30 year Fixed rates at 4.00%. (+/-0.00).
  • Jumbo 30 year Fixed rates at 4.27% (-0.01).
  • 5/1 ARM rates at 3.24% (+0.01).

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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