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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

3.642%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated July 16, 2019
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4.125%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated July 16, 2019
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available

4.549%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated July 16, 2019
  • We close our loans FAST - many in 30 days or less!
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

4.125%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated July 16, 2019
  • Save Time, Save Money.
  • Secure and 100% Paperless.
  • In just minutes, we’ll be able to tell you how much you can save in time and money on your loan.

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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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