Mortgage Rates 4-24-14

By Stevie Duffin Updated on 4/24/2014

What will mortgage interest rates do tomorrow? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.

Mortgage Bonds had an uneven morning after a grab bag of economic data was released, and sit in positive territory midday.

Weekly Initial Jobless Claims shot up 24K in the latest week, well above the 312K expected at 329K. The 312K projection alone was going to mark a high in four weeks. Durable Orders (goods with expected life of three years or more) saw 2.6% gains in March, 0.6% above the expected. 

Last week: Weekly Initial Jobless Claims rose by 2K to 304K in the latest week, undercutting the the 312K expected. They're still holding at 7 year lows as firings continue to slow. This week, Fed Chairwoman Janet Yellen announced that the Federal Reserve does not expect to see a robust jobs market for another two years. 

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• 30 year (FRM) rates at 4.43% (-0.05).
• 15 year (FRM) rates at 3.49% (-0.03).
• FHA 30 year Fixed rates at 4.00% (0.00).
• Jumbo 30 year Fixed rates at 4.21% (-0.04).
• 5/1 ARM rates at 3.23% (-0.02).