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ECB Announces Stimulus Program; Mortgage Rates Rise

By Stevie Duffin Updated on 1/22/2015

The big news from Europe is in: Europen Central Bank (ECB) President Mario Draghi anounced this morning that the ECB will begin its own asset buying program this March. Every month, the ECB will purchase 60 billion in assets in order to stimulate the European economy. By fall 2016 the program is supposed to halt, when the 1 trillion asset mark will have be reached. MBS fell into weaker territory as a result, and we have seen and may continue to see mortgage interest rates rise. 

Today's news out of Europe is the biggest of the week where market movements is concerned, but for other potential mortgage rate movers, check back tomorrow for existing home sales.

Bookmark this page for daily mortgage rate updates:

  • 30 year (FRM) rates at 3.69% (+0.04).
  • 15 year (FRM) rates at 3.05% (+0.04).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.65% (+0.03).
  • 5/1 ARM rates at 3.25% (+0.02).

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

3.115%

APR
30 Year Fixed
2.999% Rate $844/mo
  • Updated April 10, 2021
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3.055%

APR
30 Year Fixed
2.999% Rate $844/mo
  • Updated April 10, 2021
  • A Better Type of Home Lending

3.304%

APR
30 Year Fixed
3.250% Rate $871/mo
  • Updated April 10, 2021
  • HighTechLending is Here To Help

3.000%

APR
30 Year Fixed
3.000% Rate $844/mo
  • Updated April 10, 2021
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4.011%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated April 10, 2021
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3.163%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated April 10, 2021
  • Direct Lender. Billions Funded.

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About The Author:
Stevie Duffin
Stevie is the Senior Editor at Lender411. She manages the site's Authorship Program and social media pages. Stevie graduated from UC Santa Barbara with a BS. Contact her: stevie@lender411com.

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