Mortgage Rates 5-22-14

By Stevie Duffin Updated on 5/22/2014

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

Weekly Initial Jobless claims came back ugly with 28K over the 305K expected. Mortgage bonds experienced gains into the morning. 

Yesterday: Fannie Mae's Economic and Housing Outlook for May 2014 wasn't so bright either. The statement read, "The housing picture remains more worrisome, with existing home sales, new home sales, housing starts, and multifamily housing all experiencing year-over-year declines despite improving consumer attitudes." Thanks to the better weather among other things, Fannie officials expect a better spring and summer home sale season.

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• 30 year (FRM) rates at 4.16% (0.00).
• 15 year (FRM) rates at 3.28% (0.00).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 3.95% (0.00).
• 5/1 ARM rates at 3.22% (+0.01).