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Mortgage Rates 5-13-14

By Stevie Duffin Updated on 5/13/2014

What will mortgage interest rates do tomorrow? Rates should go down, according to mortgage professionals voting on Lender411's daily poll.

A truly unimpressive 0.1% rise in retail sales (compare to the expected 0.3%) has mortgage bond prices pushing into positive territory and breaking from three-day lows. 

Home appreciation is slowing - old news - and while Case-Shiller verified an 11.3% increase in 2013's home prices, a more manageable 6% has been annouced as the expected for 2014. 

Up next?: The Mortgage Market Index will be released  Wednesday. Also look out for Thursday, heavy with Consumer Prices, NAHB Housing, NY Fed, and Philly Fed data. Even Friday is relatively loaded, with numbers due out for both Housing Starts and Building Permits. 

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

  • 30 year (FRM) rates at 4.25% (+0.04).
  • 15 year (FRM) rates at 3.35% (+0.03).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.02% (+0.03).
  • 5/1 ARM rates at 3.24% (+0.01).

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

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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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