Mortgage Rates 2-19-14

By Stevie Duffin Updated on 2/19/2014

What will mortgage interest rates do tomorrow? Rates should go up, according to mortgage professionals voting on our daily poll.

Housing starts are down 16% from December to January - that's 880K units annualized and 80K less than the 963K expected. Building permits fell 5% to 937K, lower than the 980K expected. Lower numbers were attributed to the harsh weather last month, as were many other reports. 

Yesterday morning, the New York Federal Reserve reported that the NY Manufacturing Index fell to 4.48 in February versus the 7.5 expected and down from the 12.5 in January. The new orders index fell to zero, but employment was unchanged save for longer work weeks.

The real market mover will come today at 2PM ET when FOMC January meeting minutes are released. Also look out for tomorrow's Consumer Prices, Jobless Claims and Philadelphia Federal Reserve Survey reports.

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• 30 year (FRM) rates at 4.41% (-0.02).
• 15 year (FRM) rates at 3.42% (-0.02).
• FHA 30 year Fixed rates at 4.00%. (+/-0.00).
• Jumbo 30 year Fixed rates at 4.29% (-0.03).
• 5/1 ARM rates at 3.25% (+0.01).