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Weak Economic Data May Give Rise to Lower Mortgage Rates

By Stevie Duffin Updated on 12/3/2014

Some weak data out of ADP is helping to lift weaker mortgage bonds today, but not quite enough to go positive. Private payrolls increased in November to 208,000, but below expectations, some around 223,000. ISM data brought good news for the service sector but a dip in employement, reinforcing some bond bounce-back. Watch for static or falling mortgage rates. 

Tomorrow will show jobless claims as usual, and Friday has a slew of data including non-farm payrolls and unemployment. 

Tuesday: Mortgage bonds were in weaker territory thanks to corporate debt issuance. Probably not helping matters was New York ISM manufacturing data, which came back stronger than the 55.0 expected at 62.5, as well as strong construction spending. Mortgage rates rose. 

Bookmark this page for daily mortgage interest rates and market updates.

  • 30 year (FRM) rates at 3.91 (+0.04).
  • 15 year (FRM) rates at 3.12 (+0.02).
  • FHA 30 year Fixed rates at 3.35% (+0.10).
  • Jumbo 30 year Fixed rates at 3.75% (+0.05).
  • 5/1 ARM rates at 3.24% (+0.01).

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

3.924%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated October 23, 2017
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4.325%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 23, 2017
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3.957%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated October 23, 2017
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4.022%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated October 23, 2017
  • Get a free and no obligation rate quote in California.
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4.050%

APR
30 Year Fixed
4.000% Rate $955/mo
  • Updated October 23, 2017
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #4130574
  • Apply Online. Quick Prequalification.

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated October 23, 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.
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4.273%

APR
30 Year Fixed
4.180% Rate $976/mo
  • Updated October 23, 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.

4.250%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 23, 2017
  • Easy online application & competitive rates
  • No fees, no catch! No Application, Origination or Lenders Fees.
  • Refinance fast! Typical applications close in 30 days

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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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