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Mortgage Rates 5-7-14

By Stevie Duffin Updated on 5/7/2014

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

A disappointing first reading of Q1 Productivity (down 1.7%) and increased labor costs are contributing to stronger mortgage bonds today.

In better news, mortgage applications were up 5.3% in the latest week, according to the Mortgage Bankers Association's Market Composite Index. The upswing is being attributed to lower mortgage rates and taken as a sign of improving housing market health. 

Also this week, Treasury auctions starting today through Thursday and Weekly Initial Jobless Claims the same day, 8:30 AM ET. 

Recap: Employment came back with positive numbers Friday 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. 

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

  • 30 year (FRM) rates at 4.24% (-0.02).
  • 15 year (FRM) rates at 3.35% (-0.02).
  • FHA 30 year Fixed rates at 3.90% (-0.05).
  • Jumbo 30 year Fixed rates at 4.00% (-0.02).
  • 5/1 ARM rates at 3.25% (0.00).

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

3.894%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated June 20, 2019
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

4.375%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated June 20, 2019
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available

4.549%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated June 20, 2019
  • We close our loans FAST - many in 30 days or less!
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

4.375%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated June 20, 2019
  • Save Time, Save Money.
  • Secure and 100% Paperless.
  • In just minutes, we’ll be able to tell you how much you can save in time and money on your loan.

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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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