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Mortgage Rate Update 8 7 14

By Stevie Duffin Updated on 8/7/2014

A large drop in unemployment claims did little to move mortgage bonds since the Fed has been buying this morning. Fannie and Freddie reported higher earnings, which did little to move bonds as well, along with lower Initial Jobless Claims (289 thousand, below the 309 thousand expected). Look out for dropping or static rates. 

Yesterday: Bonds started the morning strong thanks to overseas markets but eased back midday. In housing news, the MBA's Mortgage Market Index (total loan applications) is up 1.6 percent in the latest week, but down year-over-year.                      

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

  • 30 year (FRM) rates at 4.20% (-0.02).
  • 15 year (FRM) rates at 3.31% (-0.02).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.04% (-0.01).
  • 5/1 ARM rates at 3.25% (+0.01).

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

4.101%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated March 24, 2019
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4.609%

APR
30 Year Fixed
4.560% Rate $1,021/mo
  • Updated March 24, 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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