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Mortgage Rates 5-4-15

By Carolina Palmer Updated on 5/4/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The economic data released today was overlooked by MBS. Factory orders were slightly above forecast, at +2.1 instead of +2.0.  Also, the Chicago Fed President Evans said there will be a rate hike in 2016, which comes as no surprise. The real market mover came from European bond pressure. Mortgage rates have been increasing, which could cause lenders to reprice negatively.

Check back Tuesday for international trade for March and ISM Non-manufacturing PMI; Wednesday for ADP national employment; Thursday for the weekly initial jobless claims; Friday all the April data will be released including non-farm payrolls, private payrolls, unemployment rate, manufacutirng payrolls, and average workweek hours.

Friday: The ISM manufacturing index for April came in relatively flat at 51.5% instead of the expected 52.2%. Any reading above 50% indicates growth, no matter how slow that growth may be. Additionally, MBS are at their weakest levels in a month and a half. The month of April saw mortgage rates stay within a narrow range.

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.84% (+0.02).
  • 15 year (FRM) rates at 3.16% (+0.03).
  • FHA 30 year Fixed rates at 3.50% (0.00).
  • Jumbo 30 year Fixed rates at 3.77% (+0.02).
  • 5/1 ARM rates at 2.96% (0.00).

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

4.315%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated December 15, 2017
  • A+ Rating with the Better Business Bureau

3.893%

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

3.786%

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

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated December 15, 2017
  • Save when you borrow from PenFed!

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated December 15, 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 15, 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 15, 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 15, 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 15, 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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