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Mortgage Rates 5-8-14

By Stevie Duffin Updated on 5/8/2014

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

Mortgage rates are down thanks to some major gains in mortgage bonds after European Central Bank announcements pointed to hesitation this morning, and then most notably from Fed Chairwoman Janet Yellen who said that for Quantitative Easing to cease this coming fall, the U.S. labor markets will need to improve significantly. She also mentioned that rates in general are unlikely to rise until the U.S. is showing more sure signs of strong economic recovery. No new news there, but some good news for home buyers looking to lock. 

Yesterday: 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. 

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

  • 30 year (FRM) rates at 4.20% (-0.04).
  • 15 year (FRM) rates at 3.32% (-0.03).
  • FHA 30 year Fixed rates at 3.75% (-0.15).
  • Jumbo 30 year Fixed rates at 3.98% (-0.02).
  • 5/1 ARM rates at 3.21% (-0.04).

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

3.684%

APR
30 Year Fixed
3.625% Rate $913/mo
  • Updated August 17, 2017
  • A smarter way to refinance with low rates & convenience of digital mortgage.

3.803%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 17, 2017
  • Certified Upfront Lender! Online Loan Estimate! Apply & Lock Rate 24/7!

3.785%

APR
30 Year Fixed
3.750% Rate $927/mo
  • The best mortgage engine online live 24/7

4.304%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated August 17, 2017
  • A+ Rating with the Better Business Bureau

4.222%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated August 17, 2017
  • Buying A House? Get Pre-Approved NMLS#1057
  • Enjoy a convenient loan process.
  • Low rates. Low Fees. Apply Now.

3.894%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated August 17, 2017
  • $1,000 Best Rate Guarantee
  • Get online rates, payments and an estimate of fees
  • Skip the salesman. Keep the commission!

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated August 17, 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 17, 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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