Mortgage Rates 2-6-14

By Stevie Duffin Updated on 2/6/2014

What will mortgage interest rates do tomorrow? Rates should increase or stay the same, according to mortgage professionals voting on our daily poll.

ADP reported that 175K jobs were added in the private sector, only slightly below the 178K expected. The Labor Department jobs report for January will be released this Friday at 8:30 AM ET. It is predicted to have tremendous influence on trading, as usual, and will reveal jobs added both public and private. 

Q4 of 2013 had the highest productivity rating since the latter half of 2009 2009, following the trend of Q3. This is not attritbuted to new hires, given the current state of the workforce and economy, but likely employers expecting more out of current employees.

Jobless Claims are down by 30K in the latest week, bringing the total to 331K. This is below the 335K expected. However, these numbers are still high and indicative of labor market struggle. 

Bookmark this page for daily mortgage interest rates and market updates. 

30 year (FRM) rates at 4.33% (+0.02). 

15 year (FRM) rates at 3.37% (+0.02). 

FHA 30 year Fixed rates at 3.75%. (-/+0.00).

Jumbo 30 year Fixed rates at 4.25% (+0.03).

5/1 ARM rates at 3.22% (+0.03).