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Mortgage Rates 7-02-15

By Lisa Robison Updated on 7/2/2015

What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll.

Mortgage rates climbed slightly today with the release of employment data.  Europe takes second place to job reports.   NFP (non-farm payroll) data was released a day early today because of market closures tomnorrow.   The employment forecast of 230k was missed slightly at 223k, with wages remaining flat, even though there was a prediction of a .02% gain.  June's job growth forecast also was revised down 0.1%.  The reported 60,000 fewer jobs also contributed.  This trend caused traders to view things more favorably and in turn strengthened the bond market.  

MBS and Treasuries responded favorably as well, with 10's going from 2.47 to 2.37.  September is thought to bring an initial Federal rate hike, although the consensus seemed to shift into 2016 this morning.   An increase in the employment data could prompt the Feds to make a quicker move.  Fannie Mae 3.5 MBS rose 3/8ths of a point, and are now at 102-24. Although the stock market has had an increase in selling, bonds have remained fairly steady.       

  

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  • 30 year (FRM) rates at 4.126 (+0.04).
  • 15 year (FRM) rates at 3.31% (+0.03).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 3.92% (+0.03).
  • 5/1 ARM rates at 3.10% (+0.03).

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

4.500%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Excellent Service, Great Rates and Convenience

4.695%

APR
30 Year Fixed
4.625% Rate $1,029/mo
  • Updated August 15, 2018
  • Welcome to Flagstar’s new online mortgage experience!

4.660%

APR
30 Year Fixed
4.625% Rate $1,029/mo
  • Updated August 15, 2018
  • Competitive interest rates

4.585%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated August 15, 2018
  • Save when you borrow from PenFed!

4.944%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated August 15, 2018
  • Direct Lender. Billions Funded.

4.515%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated August 15, 2018
  • Grow Happiness!!!

4.283%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated August 15, 2018
  • Private, residential lending company based in San Francisco, California.
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  • Offering 5/1 adjustable, 30 year fixed and 30 year jumbo loans.

5.087%

APR
30 Year Fixed
4.990% Rate $1,073/mo
  • Updated August 15, 2018
  • Fast, Powerful and Completely Online
  • Get an approval to buy a home or refinance your mortgage in minutes.
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5.125%

APR
30 Year Fixed
5.125% Rate $1,089/mo
  • Updated August 15, 2018
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

5.223%

APR
30 Year Fixed
5.125% Rate $1,089/mo
  • Updated August 15, 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.

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About The Author:
Lisa Robison
My name is Lisa Robison. I am an Associate Editor on Lender411com and lenderhomepagecom. I'd be happy to answer any question you have about our products and services.

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