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Mortgage Rate Update 10 28 14

By Stevie Duffin Updated on 10/28/2014

Mortgage bonds are weaker now, increasing the possibility for rising rates. Durable goods came back so bad that bonds did experience a jump, however consumer confidence data came back its highest in seven years, pushing bonds back down. Watch for rising mortgage interest rates. In housing news, the Case Shiller index showed that home price gains are still paced at a crawl. 

A busy week for month-end trading and several economic reports leaves room for bond market movement. Check back tomorrow for the all important FOMC rate decision (the Fed is expected to talk about the end of bond buying, which would ultimately lead to higher mortgage rates), Thursday for GDP and jobless claims, and Friday for personal consumption and Chicago manufacturing.   

Monday: Pending home sales data came back positive - although below the expected mark - but mortgage bonds became stronger thanks to weakness in European markets. 

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

  • 30 year (FRM) rates at 3.99 (0.00).
  • 15 year (FRM) rates at 3.16 (0.00).
  • FHA 30 year Fixed rates at 3.50% (0.00).
  • Jumbo 30 year Fixed rates at 3.90% (-0.01).
  • 5/1 ARM rates at 3.23% (-0.02).

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

4.250%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated September 18, 2019
  • Historically Low Interest Rates - $100 Billion Funded
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3.768%

APR
30 Year Fixed
3.625% Rate $912/mo
  • Updated September 18, 2019
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

4.000%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated September 18, 2019
  • America’s Trusted Mortgage Lender - Rated A+ by the BBB
  • Fast Pre-Approvals, Loan Closing within 14Biz Days, Lock Your Rate Now
  • Offering Conventional, Jumbo, FHA, VA, USDA. Non-QM - 680 Minimum FICO

3.538%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated September 18, 2019
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.75% APR
  • Fixed Rate 15yr

4.189%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated September 18, 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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