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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

3.925%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated October 18, 2017
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #4130574
  • Apply Online. Quick Prequalification.

4.315%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 18, 2017
  • A+ Rating with the Better Business Bureau

3.816%

APR
30 Year Fixed
3.750% Rate $927/mo
  • The perfect home loan is waiting for you.

3.890%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Low mortgage rates and an easy application process.

3.993%

APR
30 Year Fixed
3.990% Rate $954/mo
  • Updated October 18, 2017
  • Online Quote with NO Personal Information Required in 10 Seconds or Less!

4.161%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated October 18, 2017
  • Direct Lender. $1,000 On-Time Closing Guarantee. A+BBB Rating.

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated October 18, 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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