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Mortgage Rates 5-11-15

By Carolina Palmer Updated on 5/11/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. MBS opened the day in weaker territory due to the activity in Europe and corporate debt issuance. Specifically, Greece announced a 750 million euro payment to the IMF. Mortgage rates have decreased today, but rates are still high due to the bond sell-off that began early last week. The sell-off was shortly interrupted last Thursday and Friday, and then restarted again today. Expect MBS to stay in weaker territory tomorrow.

Check back Tuesday for the 3-year note auction; Wednesday for import prices, retail sales, and export prices from April as well as the 10-year note auction; Thursday for intital jobless claims, continued jobless claims, and the 30-year bond auction; Friday for Fannie Mae and Freddie Mac 15-year as well as NY Fed manufacturing.

Friday: The bond market is correcting itself after mortgage rates spiked earlier this week. We are seeing a rally that is pushing MBS into stronger territory. The weak NFP had a minimal effect on the direction of mortgage rates. Nonfarm payroll (NFP) increased by 223K in April, instead of the expected 228K. Expect mortgage rates to continue to decrease on Monday.

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.87% (-0.08).
  • 15 year (FRM) rates at 3.17% (-0.05).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 3.77% (-0.06).
  • 5/1 ARM rates at 3.00% (-0.02).

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

3.552%

APR
30 Year Fixed
3.375% Rate $884/mo
  • Updated October 17, 2017
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3.896%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated October 17, 2017
  • Get a free and no obligation rate quote in California.
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4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated October 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.
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3.925%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated October 17, 2017
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #4130574
  • Apply Online. Quick Prequalification.

4.250%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 17, 2017
  • Easy online application & competitive rates
  • No fees, no catch! No Application, Origination or Lenders Fees.
  • Refinance fast! Typical applications close in 30 days

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated October 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.

4.315%

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

3.789%

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

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated October 17, 2017
  • Save when you borrow from PenFed!

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About The Author:
Carolina Palmer
Carolina Palmer is the Senior Editor at Lender411. She graduated from Concordia University Irvine with a Bachelor's Degree in Communication Studies and Marketing. She has multiple years of experience in marketing and writing, and has previously worked with 3D Systems and Microsoft.

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