Mortgage Rates 4-10-14

By Stevie Duffin Updated on 4/10/2014

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 are down in the latest week by 32K and sitting at 300K, representing a seven year low and dropping the four week moving average. Mortgage bonds remain sideways and rates are relatively static. 

Topping off the market movers for yesterday morning was the release of recent FOMC minutes, which pointed to bad weather as a large cause of poor production last year. The minutes also indicated the Fed expects better performance in 2014. Stocks went up. 

Look out for Producer Price Index tomorrow. 

Last week: Just below the 195K expected, March saw 192K new jobs and 37K jobs were added to the January and February reports. Hourly wages left much to be desired but on a better note, average hours worked per week were up. The markets didn't blink much at the information, although bonds bounced back from a slow week.

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• 30 year (FRM) rates at 4.43% (+0.01).
• 15 year (FRM) rates at 3.44% (0.00).
• FHA 30 year Fixed rates at 4.00%. (0.00).
• Jumbo 30 year Fixed rates at 4.20% (0.00).
• 5/1 ARM rates at 3.23% (+0.03).