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Mortgage Rates 5-22-15

By Carolina Palmer Updated on 5/22/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The Consumer Price Index came in strong this morning at +0.3 instead of the forecasted +0.2. The bond markets quickly reacted to this data, pushing mortgage rates slightly lower. Bond market liquidity has been forceful this morning, partially due to Memorial day weekend cutting today short. Yellen's speech at 1 pm ET will likely have a big impact on MBS. Expect mortgage rates to decrease in response.

Thursday: MBS started rallying today. MBS started in positive territory and remained relatively unchanged after the jobless claims data. Initial jobless claims increased by 10,000 to a seasonally adjusted 274,000. Economists expected 271,000 new claims. Although applicants increased last week, unemployment benefits remain at historically low levels. The Philly Fed Index came in weaker than expected showing that regional manufacturing activity is increasing at a slower rate. It came in at 6.7 instead of the expected 8.0. Existing home sales data also came in weaker than expected. Existing home sales for April declined 3.3%. March was revised to 5.21 million from the intitially reported 5.19 million. Expect MBS purchases to go down tomorrow, which will push rates higher.

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  • 30 year (FRM) rates at 3.98% (-0.02).
  • 15 year (FRM) rates at 3.22% (-0.02).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 3.80% (-0.02).
  • 5/1 ARM rates at 2.97% (0.00).

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

4.304%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated December 13, 2017
  • A+ Rating with the Better Business Bureau

3.957%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated December 13, 2017
  • Save when you borrow from PenFed!

3.912%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated December 13, 2017
  • Professional service
  • op customer service ratings and reviews
  • Quick closing on purchase and refinance

4.027%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated December 13, 2017
  • Quickly apply online now right from your mobile or tablet
  • See if you qualify from the comforts of home
  • We provide VA, FHA, and Conventional loans

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated December 13, 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.

4.050%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated December 13, 2017
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #4130574
  • Apply Online. Quick Prequalification.

4.022%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated December 13, 2017
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated December 13, 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.

3.678%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated December 13, 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

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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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