Mortgage Rates 1-6-14

By Steven Roberts Updated on 1/7/2014

What will mortgage rates do tomorrow? The mortgage market should resist change in interest rates tomorrow, according to mortgage professionals voting on our daily poll. However, this week will provide a few market moving economic reports. Wednesday's FOMC Minutes will gives insight into possible changes in monetary policy at the next meeting. The most influential report comes Friday in the the form of a Non-Farm Payroll report. The Fed will keep a close eye on upcoming data to support further changes in monetary policy. Two weeks of holidays brought momentary stability in the market place, but expect fluctuation and a steady climb in interest rates as we near the January 29 FOMC meeting. Bookmark this page for daily mortgage news and your rate update.  

 

30-year (FRM) rates held at 4.62%. The 52-week high is 4.85%.

15-year (FRM) rates held at 3.64. The 52-week high is 3.90%.

FHA 30-Year Fixed rates stabilized at 4.25%. The 52-week high is 4.60%.

Jumbo 30 Year Fixed rates held steady at 4.55%. The 52-week high is 4.79%.

5/1 Year (ARM) rates remained at 3.25%. The 52-week high is 3.37%.