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Mortgage Rates 5-20-15

By Carolina Palmer Updated on 5/20/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The FOMC Minutes this afternoon will trigger an influx of trading. Until then, it will be a quiet day for bond markets. The European market will likely have a significant impact on MBS over the next few days, so keep an eye out for action overseas. Expect mortgage rates to decrease after the FOMC Minutes.

Check back Thursday for initial jobless claims, existing home sales for April, the Philly Fed Business Index for May, and the 10 year TIPS auction; Friday for core CPI index for April and core CPI mm for April.

Tuesday: April housing starts data came in positively. They were at 1.135M instead of the forecasted 1.029M. Also, new permits came in at 1.143M vs the expected 1.070M. These two strong pieces of economic data caused bonds to sell off this morning. Equally as important is last night's commentary from the ECB board member Benoit Coeure. He said the ECB might front-load bond purchases because this summer is expected to bring lower amounts of trading liquidity. In response, mortgages rates have slightly increased before tomorrow's FOMC minutes.

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 4.01% (+0.04).
  • 15 year (FRM) rates at 3.25% (+0.02).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 3.82% (+0.03).
  • 5/1 ARM rates at 2.98% (-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
  • Convenient digital mortgage
  • These great rates reflect the savings you get when you apply online
  • Avoid paperwork and close your loan fast. NMLS#1349168

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.
  • Direct Lender.
  • Call now and lock-in your low rate!

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.
  • We have the right loans for first-time and experienced home buyers.

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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