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Mortgage Rates 5-2-14

By Stevie Duffin Updated on 5/2/2014

What will mortgage interest rates do Monday? Rates should stay the same, according to mortgage professionals voting on Lender411's daily poll.

Employment came back with positive numbers this morning - 288K jobs were added in April, well below the projected 218K. Revised data from February and March revealed gains as well. Unemployment is sitting pretty at 6.3%, prettier than the 6.7% reading in March and below the 6.6% expected. 

Yesterday: Weekly Initial Jobless Claims jumped to 344K, up 14K and above the 315K expected. This marks a high since February. However, Personal Spending leapt 0.9% in March, above the expected 0.6%. Impressively, this is the highest level since August 2009. Incomes inched up to 0.5%, topping the 0.4% estimated. 

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

  • 30 year (FRM) rates at 4.29% (-0.08).
  • 15 year (FRM) rates at 3.38% (-0.04).
  • FHA 30 year Fixed rates at 3.95% (-0.05).
  • Jumbo 30 year Fixed rates at 4.03% (-0.09).
  • 5/1 ARM rates at 3.25% (+0.04).

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

4.304%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated December 10, 2017
  • A+ Rating with the Better Business Bureau

3.776%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated December 10, 2017
  • The perfect home loan is waiting for you.

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated December 10, 2017
  • Save when you borrow from PenFed!

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated December 10, 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.

4.050%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated December 10, 2017
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #4130574
  • Apply Online. Quick Prequalification.

4.022%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated December 10, 2017
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated December 10, 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.

3.678%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated December 10, 2017
  • Convenient digital mortgage
  • These great rates reflect the savings you get when you apply online
  • Avoid paperwork and close your loan fast. NMLS#1349168

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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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