Mortgage Rates 3-27-14

By Stevie Duffin Updated on 3/28/2014

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

Initial Jobless Claims came back better than expected, though bonds barely budged from the data. At 311K - notably below the projected 330K - Claims knocked the four week moving average down 9.5K. 

The final Q4 GDP reading came back at 2.6%, above the 2.4% gleaned from the third reading. Still no match for Q3, whose reading sits at 4.1%. The final average for 2013 is 2.6%. In more encouraging news, Consumer Spending increased 3.3%, the largest gain in three years. 

Wednesday's reports showed the Case Shiller Price Index rose 13.2% year-over-year in January, a bit lower than the 13.3% expected. Equifax reports that first mortgages were up 2.8% from one year ago, marking the largest gain since September 2008.

Recap: Existing Home Sales in February - 4.60 mln - were the lowest since July 2012. They haven't budged much from the last month's reading of 4.62 for January, however. 

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

• 30 year (FRM) rates at 4.48% (-0.03).
• 15 year (FRM) rates at 3.50% (-0.02).
• FHA 30 year Fixed rates at 4.00%. (0.00).
• Jumbo 30 year Fixed rates at 4.27% (-0.03).
• 5/1 ARM rates at 3.24% (-0.01).