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Mortgage Rates 5-8-15

By Carolina Palmer Updated on 5/8/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. The bond market is correcting itself after mortgage rates spiked earlier this week. We are seeing a rally that is pushing MBS into stronger territory. The weak NFP had a minimal effect on the direction of mortgage rates. Nonfarm payroll (NFP) increased by 223K in April, instead of the expected 228K. Expect mortgage rates to continue to decrease on Monday.

Thursday: The jobless claims data was largely ignored today. First-time unemployment benefits are barely rising above a 15-year low. German bunds remain the dominating factor behind Treasury and MBS weakness. The 10-year bunds jumped to 0.80 overnight. To put that into perspective, they were at 0.05 two weeks ago. In response, MBS have started recovering from their weakness. Mortgage rates are no longer increasing at the rate they were earlier this week. Expect mortgage rates to decrease tomorrow.

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  • 30 year (FRM) rates at 3.95% (-0.03).
  • 15 year (FRM) rates at 3.22% (-0.03).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 3.83% (-0.02).
  • 5/1 ARM rates at 3.02% (0.00).

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


30 Year Fixed
3.625% Rate $913/mo
  • Updated March 26, 2019
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30 Year Fixed
4.125% Rate $970/mo
  • Updated March 26, 2019
  • Save when you borrow from PenFed!


30 Year Fixed
4.000% Rate $955/mo
  • Excellent Service, Great Rates and Convenience


30 Year Fixed
3.875% Rate $940/mo
  • Updated March 26, 2019
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee


30 Year Fixed
4.500% Rate $1,014/mo
  • Updated March 26, 2019
  • Historically Low Interest Rates - $100 Billion Funded
  • Cash-Out and Debt Consolidation Options
  • No Lender Closing Cost Options Available


30 Year Fixed
4.560% Rate $1,021/mo
  • Updated March 26, 2019
  • We close our loans FAST - many in 30 days or less!
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

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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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