Mortgage Rates 3-6-15

What will mortgage interest rates do on Monday? Mortgage professionals are voting in our daily poll. The jobs report released today will have a profound effect on mortgage rates. Overall, the jobs report was strong--295k jobs were added. The lack of meaningful wage growth is being overshadowed by job creation. Rates are likely to go up after the results of the job report. If you are in the process of getting a mortgage and are sensitive to rate increases, it is best to lock your rate.

Thursday: The European Central Bank released its quantative easing details which caused only modest volatility this morning. The selling that proceeded stopped before pushing rates into weaker levels, leaving us near unchanged levels heading into the afternoon. Rates have stayed relatively stable since yesterday. After the official jobs report is released tomorrow, expect rates to increase.

Don't forget to check back on monday to see the results of the job report.

Bookmark this page for daily mortgage rate updates:

• 30 year (FRM) rates at 3.85% (0.00).
• 15 year (FRM) rates at 3.15% (0.00).
• FHA 30 year Fixed rates at 3.50% (0.00).
• Jumbo 30 year Fixed rates at 3.82% (0.00).
• 5/1 ARM rates at 3.15% (0.00).

Displaying rates for Mortgage Refinance in CA for $200,000

Disclaimer

Carolina Palmer

Carolina Palmer is the Senior Editor at Lender411. She graduated from Concordia University Irvine with a Bachelor's Degree in Communication Studies and Marketing. She has multiple years of experience in marketing and writing, and has previously worked with 3D Systems and Microsoft.