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Mortgage Rate Update 10 15 14

By Stevie Duffin Updated on 10/15/2014

As of yesterday, mortgage interest rates have hit major lows. They could be driven even lower, considering the massively disappointing economic data riding today's headlines: Empire State manufacturing, retail sales, and producer pricing all came back in the pits. NY Fed manufacturing was expected to be a pretty 20.25, but instead hit a homely 6.17. Retail sales were expected to grow if auto sales had not been taken into account, but instead dropped by 0.2 percent from September. Economists had been optimistic about producer prices but guessed wrong: they fell 0.1 percent and were 0.2 percent below year-over-year projections. Sour news for the moment if we're talking economy, but a great time to lock in a mortgage interest rate. 

For other potential market movers this week, keep an eye out for initial jobless claims, the NAHB housing market index, and the Philly Fed business index tomorrow, and housing starts and building permits Friday. 

Yesterday: Strong mortgage bond market gains over the weekend - the strongest in a while, in fact - resulted in significant drops for mortgage interest rates. Bonds edged back a bit Tuesday midday.  

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

  • 30 year (FRM) rates at 3.96 (-0.12).
  • 15 year (FRM) rates at 3.15 (-0.12).
  • FHA 30 year Fixed rates at 3.50% (-0.25).
  • Jumbo 30 year Fixed rates at 3.87% (-0.10).
  • 5/1 ARM rates at 3.20% (-0.03).

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

3.552%

APR
30 Year Fixed
3.375% Rate $884/mo
  • Updated October 17, 2017
  • Convenient digital mortgage
  • These great rates reflect the savings you get when you apply online
  • Avoid paperwork and close your loan fast. NMLS#1349168

3.896%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated October 17, 2017
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated October 17, 2017
  • Refinance to a get a lower payment, cash back or a faster payoff.
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated October 17, 2017
  • Fast, Powerful and Completely Online
  • Get an approval to buy a home or refinance your mortgage in minutes.
  • Save time & avoid paperwork by sharing your financial info instantly.

4.250%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 17, 2017
  • Easy online application & competitive rates
  • No fees, no catch! No Application, Origination or Lenders Fees.
  • Refinance fast! Typical applications close in 30 days

3.925%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated October 17, 2017
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #4130574
  • Apply Online. Quick Prequalification.

3.894%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated October 17, 2017
  • A smarter way to refinance with low rates & convenience of digital mortgage.

4.315%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 17, 2017
  • A+ Rating with the Better Business Bureau

3.887%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Low mortgage rates and an easy application process.

4.006%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 17, 2017
  • Competitive interest rates

3.789%

APR
30 Year Fixed
3.750% Rate $927/mo
  • The best mortgage engine online live 24/7

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated October 17, 2017
  • Save when you borrow from PenFed!

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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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