Mortgage Rates 6-24-14

By Stevie Duffin Updated on 6/24/2014

What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's mortgage interest rate prediction daily poll.

Mortgage bonds greeted the morning in more positive territory after the release of a weaker than expected Case-Shiller report. The 20 city Index rose by 10.8 percent year-over-year in April, below the 11.6 percent expected and down from the 12.4 percent recorded for March. From March to April, the index rose by just 0.2 percent. 

For market moving reports this week, wait for Wednesday's GDP and Durable Goods, and Friday's Consumption and Initial Jobless reports. For mortgage interest, keep an eye out for Wednesday's Mortgage Market Index. 

Yesterday: Friday's mortgage bond gains held steady through the day, despite strong Existing Home Sale data: up 4.9 percent, the best leap since 2011.

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• 30 year (FRM) rates at 4.18% (0.00).
• 15 year (FRM) rates at 3.33% (0.00).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.01% (+0.01).
• 5/1 ARM rates at 3.23% (-0.02).