Forgotten Your Password?

Need to Register?

Mortgage Rate Update 9 23 14

By Stevie Duffin Updated on 9/23/2014

Bonds started the morning strong but lost their pulse into the middle of the day, and are now sideways. Watch for static or dropping mortgage interest rates. Economic data didn't have much of an effect either way, but the Federal Housing Finance Agency (FHFA) announced today that home prices have slowed their roll to the slowest pace in two years. Good news for prospective buyers and perhaps some economy fuel, but bad news for homeowners who are still upside down on their mortgage. 

For other potential market movers this week, look out for new home sales tomorrow, durable goods and jobless claims Thursday, and the big, fat, final Q2 GDP reading on Friday. 

Yesterday: Existing home sale data came back weaker than expected, but the effect on bonds was negligible. 5.15 million home sales were recorded in August, which fell to 5.05 in September. Mortgage bonds still held their same positive trend from the prior couple of days. Mortgage rates fell. 

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

  • 30 year (FRM) rates at 4.242 (-0.02).
  • 15 year (FRM) rates at 3.37% (-0.02).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.07% (-0.02).
  • 5/1 ARM rates at 3.22% (-0.01).

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

4.875%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated January 21, 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 21, 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.

Related Searches:
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.

Didn't find the answer you wanted? Ask one of your own.

Get an answer

Related Articles

Subscribe to our news feed.