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Mortgage Rate Update 8 1 14

By Stevie Duffin Updated on 8/1/2014

Mortgage bonds are in strong territory - look out for falling rates. The jobs report brought about pleasant news: about 209 thousand jobs were added in July. Jobless rates rose slightly, however, jumping to 6.2 percent from the 6.1 recorded for June. 

Yesterday: Mortgage bonds sank after the strong Q2 GDP reading was released Wednesday (pushing rates up), but bounced back midday. The Fed statement did little to combat the effect of the GDP reading. Weaker than expected Chicago PMI data and some common month's-end market activity helped bring bonds back to unchanged levels. 

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  • 30 year (FRM) rates at 4.25% (+0.01).
  • 15 year (FRM) rates at 3.37% (+0.01).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.09% (+0.01).
  • 5/1 ARM rates at 3.25% (+0.00).

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

4.808%

APR
30 Year Fixed
4.750% Rate $1,044/mo
  • Updated January 20, 2019
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4.398%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated January 20, 2019
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  • $1,000 Best Rate Guarantee

4.875%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated January 20, 2019
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available

4.800%

APR
30 Year Fixed
4.750% Rate $1,044/mo
  • Updated January 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.

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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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