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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

3.758%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 16, 2017
  • A smarter way to refinance with low rates & convenience of digital mortgage.

3.802%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 16, 2017
  • Certified Upfront Lender! Online Loan Estimate! Apply & Lock Rate 24/7!

3.885%

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

4.017%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated August 16, 2017
  • Competitive interest rates

3.912%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated August 16, 2017
  • Point-Click-Save...Zero Lender Fees... Nothing out of Pocket...A+ Rating-BBB

3.875%

APR
30 Year Fixed
3.875% Rate $941/mo
  • The best mortgage engine online live 24/7

4.151%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated August 16, 2017
  • Direct Lender. $1,000 On-Time Closing Guarantee. A+BBB Rating.

3.957%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated August 16, 2017
  • Save when you borrow from PenFed!

4.304%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated August 16, 2017
  • A+ Rating with the Better Business Bureau

3.957%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated August 16, 2017
  • PenFed Credit Union lends in all 50 States
  • We provide some of the lowest rates and fees available.
  • Go ahead, put us to the test!

4.222%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated August 16, 2017
  • Buying A House? Get Pre-Approved NMLS#1057
  • Enjoy a convenient loan process.
  • Low rates. Low Fees. Apply Now.

3.916%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated August 16, 2017
  • Competitive rates and fees: No fancy branches = savings passed on to you!
  • Excellent service: We can assist you every step along the way.
  • Credible: FDIC Insured Bank, A+ rating with Better Business Bureau. NMLS 424182

3.896%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated August 16, 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 16, 2017
  • $1,000 Best Rate Guarantee
  • Get online rates, payments and an estimate of fees
  • Skip the salesman. Keep the commission!

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated August 16, 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.

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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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