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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

4.585%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated May 26, 2018
  • Save when you borrow from PenFed!

4.921%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated May 26, 2018
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #4130574
  • Apply Online. Quick Prequalification.

4.357%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated May 26, 2018
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

5.087%

APR
30 Year Fixed
4.990% Rate $1,073/mo
  • Updated May 26, 2018
  • 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.

5.223%

APR
30 Year Fixed
5.125% Rate $1,089/mo
  • Updated May 26, 2018
  • 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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