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Mortgage Rates 5-5-15

By Carolina Palmer Updated on 5/5/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The Institute for Supply Management released its non-manufacturing purchasing managers index for April, which came in strongly at 57.8 vs. the forecasted 56.3. On the other hand, the US trade deficit jumped up 43% in March to $51.5 billion. The trade deficit data caused a small rally. The last important occurrence surrounded corporate debt. Abbvie made a $16.7 offering, which got more than $65 billion in bids. After the fluctuations caused by these pieces of data, mortgage rates have increased across the board, leading to new high yields and negaitve reprices from mortgage lenders.

Check back 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.

Monday: 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.

Bookmark this page for daily mortgage updates:

  • 30 year (FRM) rates at 3.89% (+0.05).
  • 15 year (FRM) rates at 3.18% (+0.02).
  • FHA 30 year Fixed rates at 3.75% (+0.25).
  • Jumbo 30 year Fixed rates at 3.81% (+0.04).
  • 5/1 ARM rates at 3.01% (+0.05).

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

4.545%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated January 17, 2018
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4.163%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated January 17, 2018
  • Competitive interest rates

4.039%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated January 17, 2018
  • Online Quote with NO Personal Information Required in 10 Seconds or Less!

3.924%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated January 17, 2018
  • The perfect home loan is waiting for you.

4.035%

APR
30 Year Fixed
4.000% Rate $955/mo
  • The best mortgage engine online live 24/7

3.957%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated January 17, 2018
  • Save when you borrow from PenFed!

4.655%

APR
30 Year Fixed
4.560% Rate $1,021/mo
  • Updated January 17, 2018
  • 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.

4.167%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated January 17, 2018
  • Competitive rates and fees: No fancy branches = savings passed on to you!
  • Excellent service: We can assist you every step along the way.
  • Credible: FDIC Insured Bank, A+ rating with Better Business Bureau. NMLS 424182

4.343%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated January 17, 2018
  • 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.

4.148%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated January 17, 2018
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

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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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