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From Hostages to QE, Europe May Push Mortgage Rates Down

By Stevie Duffin Updated on 1/9/2015

December saw solid job growth in 2014 according to the latest payroll data. Non-farm payrolls showed a 252,000 increase, and unemployment sank to its lowest in over six years, sitting at 5.6 percent. News on average hourly wages was not as strong; a five cent per hour drop was reported today. 

Bonds had a much more significant reaction to the hostage standoff in France and ECB hints about a less imminent quantitative easing (QE), gaining ground into the morning before tapering off and moving sideways. Watch for static or dropping mortgage interest rates. 

Thursday: MBS are in weaker territory today, likely no thanks to a dip in weekly jobless claims, since recent mortgage bond trading has been less influenced by domestic data and more so by overseas markets. Watch for rising mortgage interest rates.

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

  • 30 year (FRM) rates at 3.74 (+0.03).
  • 15 year (FRM) rates at 3.06 (+0.01).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.67% (+0.02).
  • 5/1 ARM rates at 3.24% (-0.01).

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

4.000%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 20, 2019
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available

3.721%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated October 20, 2019
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

3.538%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated October 20, 2019
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.75% APR
  • Fixed Rate 15yr

4.045%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated October 20, 2019
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7

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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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