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Mortgage Rate Update 9 24 14

By Stevie Duffin Updated on 9/24/2014

New home sales went through the roof in August to 504 thousand, marking a six-year high and surpassing the 430 thousand expected. Sales soared a third above the rate year-over-year. July was also revised to be higher. Lately the bond markets haven't reacted much to economic data, whether good or bad, but if convention takes the reigns watch for dropping bonds and rising rates. 

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

Yesterday: Bonds started the morning strong but lost their pulse into midday, and went sideways. Economic data didn't have much of an effect either way, but the Federal Housing Finance Agency (FHFA) announced that home prices 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.

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

  • 30 year (FRM) rates at 4.21 (-0.01).
  • 15 year (FRM) rates at 3.36% (-0.01).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.06% (-0.01).
  • 5/1 ARM rates at 3.23% (+0.01).

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

3.653%

APR
30 Year Fixed
3.625% Rate $913/mo
  • Updated August 20, 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 20, 2017
  • Certified Upfront Lender! Online Loan Estimate! Apply & Lock Rate 24/7!

4.200%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated August 20, 2017
  • A+ Rating with the Better Business Bureau

4.343%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated August 20, 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 20, 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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