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Mortgage Rates Start the Week on a Lower Note

By Stevie Duffin Updated on 1/12/2015

MBS are in stronger territory moving into today. Watch for dropping mortgage interest rates. The latter half of this week will be most significant for economic reports. For more potential mortgage rate movers, check back Wednesday for import prices, export prices and retail sales, Thursday for NY Fed manufacturing, Philly Fed business, and jobless claims, and Friday for CPI, a measure of inflation. 

Friday: December saw solid job growth in 2014 according to the latest payroll data. Non-farm payrolls showed a 252,000 increase, and unemployment sank to its lowest in over six years, sitting at 5.6 percent. News on average hourly wages was not as strong; a five cent per hour drop was reported today. 

Bonds had a much more significant reaction to the hostage standoff in France and ECB hints about a less imminent quantitative easing (QE), gaining ground into the morning before tapering off and moving sideways. Watch for static or dropping mortgage interest rates. 

Book this page for daily mortgage rate updates:

  • 30 year (FRM) rates at 3.71 (-0.03).
  • 15 year (FRM) rates at 3.04 (-0.02).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.64% (-0.03).
  • 5/1 ARM rates at 3.24% (0.00).

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

3.848%

APR
30 Year Fixed
3.625% Rate $912/mo
  • Updated November 14, 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 November 14, 2019
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.411% APR
  • Fixed Rate 30yr

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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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