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Swiss Bank Shocker Will Dictate Mortgage Rate Fate

By Stevie Duffin Updated on 1/15/2015

Mortgage bonds have had a significant rally today, no thanks to domestic data, which took a major back seat to overseas headlines today. The Swiss National Bank (SNB) surprised traders by ditching the franc currency's cap, sending it soaring above the euro, which fell to a nine-year low. Releasing the cap points to the SNB's belief that the European Central Bank (ECB) will be announcing its own bond buying or QE initiative in the coming week. Watch for falling mortgage interest rates. 

The latter half of this week will be most significant for economic reports. For more potential mortgage rate movers, check back tomorrow for CPI, a measure of inflation. 

Tuesday: Disappointing retail sales signaled good news for MBS buying. Mortgage bonds are currently going strong thanks to the combination of European headlines and the 0.9 percent drop in December retail activity. Economists had predicted retail sales to increase by 0.1 percent.

Watch for falling mortgage interest rates. Bookmark this page for daily mortgage rate updates:

  • 30 year (FRM) rates at 3.62% (-0.06).
  • 15 year (FRM) rates at 2.99% (-0.03).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.59% (-0.02).
  • 5/1 ARM rates at 3.21% (-0.02).

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

3.653%

APR
30 Year Fixed
3.625% Rate $913/mo
  • Updated August 18, 2017
  • A smarter way to refinance with low rates & convenience of digital mortgage.

3.803%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated August 18, 2017
  • Certified Upfront Lender! Online Loan Estimate! Apply & Lock Rate 24/7!

3.769%

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

4.200%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated August 18, 2017
  • A+ Rating with the Better Business Bureau

3.896%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated August 18, 2017
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

3.808%

APR
30 Year Fixed
3.625% Rate $912/mo
  • Updated August 18, 2017
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and an estimate of fees
  • $1,000 Best Rate Guarantee

4.343%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated August 18, 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 18, 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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