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Mortgage Rates May Drop, Despite More Greek Bailout Fakeout

By Stevie Duffin Updated on 2/26/2015

Mortgage bonds had been going strong on Friday (see below) before falling into weaker territory courtesy still of European influence (Greek bailout considerations in particular), pushing interest rates back up. As of now, the possibility of a Greek bailout is shaky, and MBS are in stronger territory. Watch for dropping mortgage interest rates. 

For more potential mortgage market movers, check back tomorrow for Case Shiller and Yellen's Senate Banking Committee speech, and consumer confidence, Wednesday for new home sales and Yellen's testimony with House Financial Services, Thursday for CPI, jobless claims and durable goods, and Friday for preliminary GDP data and Chicago PMI. 

Friday: With more headlines out of Europe came some mortgage bond buying, and now MBS are in stronger territory. There's little to no domestic data out today to either feed or get cold shouldered by traders, so just about all the action can be attributed to newswires rife with the Greece-Eurozone interaction, the reports and results of which have been volatile all day. For now, watch for falling mortgage interest rates. 

Bookmark this page for daily mortgage rate updates:

  • 30 year (FRM) rates at 3.85% (+0.01).
  • 15 year (FRM) rates at 3.12 (+0.01).
  • FHA 30 year Fixed rates at 3.50% (0.00).
  • Jumbo 30 year Fixed rates at 3.84% (+0.01).
  • 5/1 ARM rates at 3.16% (+0.01).

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

3.664%

APR
30 Year Fixed
3.625% Rate $913/mo
  • Updated October 22, 2019
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3.771%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated October 22, 2019
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4.125%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated October 22, 2019
  • Historically Low Interest Rates - $100 Billion Funded
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4.180%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated October 22, 2019
  • Direct Lender offering low rates, fast closings, and impeccable service
  • FHA, VA, Conventional, HARP, Jumbo and Reverse Mortgage
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3.721%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated October 22, 2019
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

3.538%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated October 22, 2019
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.75% APR
  • Fixed Rate 15yr

4.042%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated October 22, 2019
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7

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About The Author:
Stevie Duffin
Stevie is the Senior Editor at Lender411. She manages the site's Authorship Program and social media pages. Stevie graduated from UC Santa Barbara with a BS. Contact her: stevie@lender411com.

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