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Strong Jobs Report Fuels Higher Mortgage Rates

By Stevie Duffin Updated on 2/6/2015

The January jobs report is in, and a strong one: 257,000 jobs were added last month, although as a side effect of the inflated work force, the unemployment rate was recorded 0.01 tick higher at 5.7 percent. Revisions to previous reports showed improvement as well, accounting for a total 147,000 jobs overall. Mortgage bond MBS trading tanked; watch for rising mortgage interest rates. 

Previous: A low ISM New York reading (down to 44.5 from the previous 70.8) is not affecting mortgage bond trading much today, especially with a large fuss being made over European activity. MBS are holding their ground in the face of the Euro insecurity; watch for dropping mortgage interest rates.

Bookmark this page for daily mortgage rate updates:

  • 30 year (FRM) rates at 3.63% (0.00).
  • 15 year (FRM) rates at 3.00% (-0.01).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.63% (0.00).
  • 5/1 ARM rates at 3.08% (0.00).

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

3.500%

APR
30 Year Fixed
3.500% Rate $899/mo
  • Updated September 27, 2021
  • At loanDepot, Home means everything.

2.940%

APR
30 Year Fixed
2.940% Rate $837/mo
  • Updated September 27, 2021
  • Painless Mortgages

3.159%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated September 27, 2021
  • The Right Mortgage could save you Thousands!

3.916%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated September 27, 2021
  • A+ Rating with the Better Business Bureau!

2.875%

APR
30 Year Fixed
2.875% Rate $830/mo
  • Updated September 27, 2021
  • Get a better rate and cash in no time.

3.164%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated September 27, 2021
  • Direct Lender. Billions Funded.

2.771%

APR
30 Year Fixed
2.750% Rate $817/mo
  • Updated September 27, 2021
  • Online Quote with NO Personal Information Required in 10 Seconds or Less!

2.875%

APR
30 Year Fixed
2.875% Rate $830/mo
  • Updated September 27, 2021
  • Internet direct lender since 1998. View rates & fees, apply/lock online 24/7

3.250%

APR
30 Year Fixed
3.250% Rate $871/mo
  • Updated September 27, 2021
  • The Nation's Most Referable Lender

3.277%

APR
30 Year Fixed
3.250% Rate $871/mo
  • Updated September 27, 2021
  • Feel at home with a lender you trust!

3.222%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated September 27, 2021
  • How Low Will Your Payment Be?

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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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