Mortgage Rates 6-30-15

By Lisa Robison Updated on 6/30/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.

Mortgage rates have dropped across the board today, in contrast to yesterday's increase.  Greece is still an issue today, but it seems that MBS investors are feeling more confident.  Additional factor affecting mortgage rates today include 1) Weakness in Asian equity markets, 2) Month End Data will be release for bond markets.  3) Uncertainty surrounding Greece. Expect mortgage rates to increase tomorrow. Throughout the entirety of last week, mortgage rates were sharply increasing, and they are likely to follow this pattern.  Today's decrease is not an indication of a long term trend.

Check back Wednesday for ADP National Employment, ISM Manufacturing PMI, and construction spending; Thursday for non-farm payrolls, private payrolls, June's unemployment rate, initial jobless claims, and ISM-New York index.

Monday: Mortgage rates have sharply increased today, which should come as no surprise considering the MBS trend for the past month. Over the weekend Greece closed its banks due to fears that the country is headed towards default. This is sending shock waves throughout global markets. The domestic data released today is of secondary importance. The Pending Home Sales Index for May came in at 112.6, this is an increase from 112.4 in April. The Dallas Fed Survey for June came in at -7.0, which is better than the expected -13.5. This positive slant is not nearly enough to counteract the Greek turmoil. This week should prove to be very volatile for MBS due to Greece and the holiday weekend.

Bookmark this page for daily mortgage updates:

• 30 year (FRM) rates at 4.14% (-0.06).
• 15 year (FRM) rates at 3.33% (-0.04).
• FHA 30 year Fixed rates at 3.75% (-0.10).
• Jumbo 30 year Fixed rates at 3.94% (-0.04).
• 5/1 ARM rates at 3.12% (-0.03).