Forgotten Your Password?

Need to Register?

Mortgage Rates May Fall Following Russia's Ruble

By Stevie Duffin Updated on 12/16/2014

Empire State manufacturing numbers came in and sit at their lowest levels in two years: November's reading had been 10.16, and today's announcement revealed -3.58 for December. The last time the index read negative - an indicator of decline - was January 2013. Better news out of the housing sector: although NAHB numbers came in a tick lower for December at 57 than they had in November's 58, overall builder confidence is relatively optimistic.

That all happened domestically, but bond markets weren't paying much attention; overseas trading is certainly stealing the spotlight, and Russia in particular, whose Ruble currency tanked. MBS have been riding in more positive territory since; watch for falling mortgage interest rates. 

For more potential mortgage rate movers, check back tomorrow for housing starts and building permits, Wednesday for CPI (inflation measure) and the FOMC announcement, and Thursday for the Philly Fed business index and jobless claims. 

Friday: With oil prices plunging and European markets giving plenty of movement cues to US traders, MBS underwent a rally. Rates followed suit; see below.  

Bookmark this page for daily mortgage interest rates and market updates.

  • 30 year (FRM) rates at 3.85 (-0.02).
  • 15 year (FRM) rates at 3.10 (-0.02).
  • FHA 30 year Fixed rates at 3.25% (-0.10).
  • Jumbo 30 year Fixed rates at 3.70% (0.00).
  • 5/1 ARM rates at 3.25% (+0.02).

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

4.918%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated December 18, 2018
  • Welcome to Flagstar’s new online mortgage experience!

4.762%

APR
30 Year Fixed
4.750% Rate $1,044/mo
  • Updated December 18, 2018
  • Excellent Service, Great Rates and Convenience

4.889%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated December 18, 2018
  • OUR MISSION is to become the world’s most customer-centric mortgage company.

4.988%

APR
30 Year Fixed
4.750% Rate $1,043/mo
  • Updated December 18, 2018
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

5.250%

APR
30 Year Fixed
5.250% Rate $1,105/mo
  • Updated December 18, 2018
  • Refinance Your Home With Little to No Equity
  • 100% Online Lender - Fast and Easy Process
  • Learn about the loanDepot Lifetime Guarantee

5.041%

APR
30 Year Fixed
4.990% Rate $1,073/mo
  • Updated December 18, 2018
  • 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.

Related Searches:
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.

Didn't find the answer you wanted? Ask one of your own.

Get an answer

Related Articles

Subscribe to our news feed.