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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

4.000%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 23, 2019
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available

3.721%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated October 23, 2019
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

3.538%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated October 23, 2019
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.75% APR
  • Fixed Rate 15yr

4.050%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated October 23, 2019
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7

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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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