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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

3.804%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 23, 2017
  • Certified Upfront Lender! Online Loan Estimate! Apply & Lock Rate 24/7!

4.245%

APR
30 Year Fixed
4.180% Rate $976/mo
  • Updated August 23, 2017
  • A+ Rating with the Better Business Bureau

4.117%

APR
30 Year Fixed
3.990% Rate $954/mo
  • Updated August 23, 2017
  • Buying A House? Get Pre-Approved NMLS#1057
  • Enjoy a convenient loan process.
  • Low rates. Low Fees. Apply Now.

3.896%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated August 23, 2017
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated August 23, 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 23, 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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