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Mortgage Rates 5-15-14

By Stevie Duffin Updated on 5/15/2014

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

Economic data out today is strong, but so are mortgage bonds, leaving some scratching their heads.

The Labor Department reported this morning that the Consumer Price Index (CPI) posted its biggest gain in April since last summer - a 0.3% jump and copacetic with estimates. Compare with the 0.2% recorded in March. The gains were led by rising prices for food, housing, and gasoline. The Core CPI was 0.2%, also flush with expectations. 

Filings for unemployment benefits dropped to levels we saw in May 2007, a sign the labor market is getting stronger. Weekly Initial Jobless Claims fell to 297K, a full 24K below the expected 325K. The other market mover for today is Empire State Manufacturing, coming in at 19.0 in May, far above the 4.8 expected.

Up next?: Friday has numbers due out for both Housing Starts and Building Permits.

Yesterday: Little market moving data out , except in Producer Pricing, which saw big gains in April. The increase of 0.6% was the largest in 1.5 years and a possible omen for inflation.

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

  • 30 year (FRM) rates at 4.17% (-0.05).
  • 15 year (FRM) rates at 3.29% (-0.04).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 3.95% (-0.05).
  • 5/1 ARM rates at 3.21% (-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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