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Mortgage Rate Update 10 16 14

By Stevie Duffin Updated on 10/16/2014

Mortgage rates have been on a roller coaster the past 24 hours, and while up slightly now, are still holding at impressively low numbers for even beyond the past year. If economic data plays any part in where rates will head next, it's looking like they could experience more ups and downs: the NAHB housing market index fell to 54, below expectations that it would remain at 59. The Philly Fed business index was slightly above expectations of 20 at 20.7. Jobless claims filings had the most positive outlook, falling to a 14-year low. 

For other potential market movers this week, keep an eye out for housing starts and building permits tomorrow. 

Yesterday: Mortgage interest rates hit major lows. Unsuprising, considering the massively disappointing economic data riding the 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. 

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

  • 30 year (FRM) rates at 3.93 (+0.03).
  • 15 year (FRM) rates at 3.13 (+0.03).
  • FHA 30 year Fixed rates at 3.50% (+0.05).
  • Jumbo 30 year Fixed rates at 3.87% (+0.02).
  • 5/1 ARM rates at 3.19% (+0.01).

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

4.022%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated October 21, 2017
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

4.050%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 21, 2017
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #4130574
  • Apply Online. Quick Prequalification.

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated October 21, 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.

4.250%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 21, 2017
  • Easy online application & competitive rates
  • No fees, no catch! No Application, Origination or Lenders Fees.
  • Refinance fast! Typical applications close in 30 days

4.273%

APR
30 Year Fixed
4.180% Rate $976/mo
  • Updated October 21, 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.

3.924%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated October 21, 2017
  • A smarter way to refinance with low rates & convenience of digital mortgage.

4.325%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 21, 2017
  • A+ Rating with the Better Business Bureau

3.906%

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

4.002%

APR
30 Year Fixed
3.990% Rate $954/mo
  • Updated October 21, 2017
  • Online Quote with NO Personal Information Required in 10 Seconds or Less!

3.827%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated October 21, 2017
  • The perfect home loan is waiting for you.

3.957%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated October 21, 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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