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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

3.803%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 20, 2017
  • Certified Upfront Lender! Online Loan Estimate! Apply & Lock Rate 24/7!

3.875%

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

3.787%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 20, 2017
  • The perfect home loan is waiting for you.

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 20, 2017
  • Save when you borrow from PenFed!

4.200%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated August 20, 2017
  • A+ Rating with the Better Business Bureau

3.896%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated August 20, 2017
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

3.808%

APR
30 Year Fixed
3.625% Rate $912/mo
  • Updated August 20, 2017
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and an estimate of fees
  • $1,000 Best Rate Guarantee

4.343%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated August 20, 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.

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated August 20, 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.

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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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