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Tanking Retail Sales Encourage Lower Mortgage Rates

By Stevie Duffin Updated on 1/14/2015

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. 

The latter half of this week will be most significant for economic reports. For more potential mortgage rate movers, check back tomorrow for NY Fed manufacturing, Philly Fed business, and jobless claims, and Friday for CPI, a measure of inflation. 

Tuesday: Today's trading dynamics are leaving MBS in slightly weaker territory. Watch for static or rising mortgage interest rates.

Bookmark this page for daily mortgage rate updates:

  • 30 year (FRM) rates at 3.68 (-0.01).
  • 15 year (FRM) rates at 3.02 (0.00).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.61% (-0.01).
  • 5/1 ARM rates at 3.23% (0.00).

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

4.785%

APR
30 Year Fixed
4.750% Rate $1,044/mo
  • Updated June 18, 2018
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4.938%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated June 18, 2018
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4.585%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated June 18, 2018
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4.924%

APR
30 Year Fixed
4.875% Rate $1,059/mo
  • Updated June 18, 2018
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  • State License #4130574
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4.779%

APR
30 Year Fixed
4.625% Rate $1,028/mo
  • Updated June 18, 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 June 18, 2018
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  • Get an approval to buy a home or refinance your mortgage in minutes.
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5.223%

APR
30 Year Fixed
5.125% Rate $1,089/mo
  • Updated June 18, 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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