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Mortgage Rates May Start March on a High Note

By Stevie Duffin Updated on 3/2/2015

MBS are in weaker territory today, despite this morning's weak ISM data. Typical end-of-month corporate debt issuance is partially to blame. For now, watch for rising mortgage interest rates. 

For more potential mortgage market movers, check back Tuesday for ISM New York, Wednesday for ADP national empoyment and ISM PMI, Thursday for jobless claims, and of course Friday for February's big jobs report. 

Friday: Mortgage bonds were stronger this morning, aided in part by a veritably weak Chicago PMI reading. Hitting its lowest levels since February 2009, Chicago PMI came in at 45.8, far below the expected 58 and a grim fall from January's 59.4. Keep in mind that any reading over 50 marks upturn and expansion; readings below 50 point to decline. 

GDP data was mixed, but considering its alignment with expectations did little to boost MBS buying. This fourth-quarter 2014 reading showed 2.2 percent expansion and 2014 as a whole averaged 2.4 percent, at least higher than the previous three years' average of 2.2 percent. For now, watch for falling mortgage interest rates. Bookmark this page for daily mortgage rate updates:

  • 30 year (FRM) rates at 3.77% (-0.02).
  • 15 year (FRM) rates at 3.08% (-0.01).
  • FHA 30 year Fixed rates at 3.50% (0.00).
  • Jumbo 30 year Fixed rates at 3.77% (-0.01).
  • 5/1 ARM rates at 3.12% (-0.01).

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

3.803%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 17, 2017
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3.878%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Low mortgage rates and an easy application process.

3.904%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Point-Click-Save...Zero Lender Fees... Nothing out of Pocket...A+ Rating-BBB

3.645%

APR
30 Year Fixed
3.625% Rate $913/mo
  • Updated August 17, 2017
  • • One of the lowest rates in the market. • Owners operated with commitment to best customer service. • Fast closing, many in 30 days or less.

3.655%

APR
30 Year Fixed
3.625% Rate $913/mo
  • Updated August 17, 2017
  • GUARANTEED LOWER RATES AND CLOSING COSTS

3.785%

APR
30 Year Fixed
3.750% Rate $927/mo
  • The best mortgage engine online live 24/7

4.144%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated August 17, 2017
  • Direct Lender. $1,000 On-Time Closing Guarantee. A+BBB Rating.

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 17, 2017
  • Save when you borrow from PenFed!

4.304%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated August 17, 2017
  • A+ Rating with the Better Business Bureau

4.222%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated August 17, 2017
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  • Enjoy a convenient loan process.
  • Low rates. Low Fees. Apply Now.

3.896%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated August 17, 2017
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

3.894%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated August 17, 2017
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and an estimate of fees
  • $1,000 Best Rate Guarantee

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated August 17, 2017
  • 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.

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated August 17, 2017
  • 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.

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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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