Mortgage Rates 6-5-14

By Stevie Duffin Updated on 6/5/2014

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.

This morning's anticipated European Central Bank (ECB) announcement came back flush with expectations: rate cuts abound and no asset purchasing in sight. Mortgage bonds jumped at the news and have been trending in positive territory midday. 

Keep an eye out for the May Jobs Report as this week's big market mover, due out this Friday.

Yesterday: Mortgage bonds continued their weak week long trend into the morning despite weaker than expected ADP employment data. A stronger than expected ISM Manufacturing Index likely cotributed to bonds backing down.  

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• 30 year (FRM) rates at 4.23% (+0.03).
• 15 year (FRM) rates at 3.33% (+0.02).
• FHA 30 year Fixed rates at 3.75% (0.00).
• Jumbo 30 year Fixed rates at 4.03% (+0.02).
• 5/1 ARM rates at 3.23% (-0.02).