Mortgage Rates 2-5-14

By Stevie Duffin Updated on 2/5/2014

What will mortgage interest rates do tomorrow? Rates should increase, according to mortgage professionals voting on our daily poll.

ADP reported that 175K jobs were added in the private sector, only slightly below the 178K expected. The Labor Department jobs report for January will be released this Friday at 8:30 AM ET. It is predicted to have tremendous influence on trading, as usual, and will reveal jobs added both public and private.

CoreLogic reported that home prices rose by 11% in December 2013 compared the the same time last year. However, this is a dip from the 11.8% gain seen when comparing November 2013 to November 2012. This 22 consecutive month year-over-year gain has slowed in the past few months overall.

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

Disclaimer

30 year (FRM) rates at 4.31% (+0.03).

15 year (FRM) rates at 3.35% (+0.03).

FHA 30 year Fixed rates at 3.75%. (-/+0.00).

Jumbo 30 year Fixed rates at 4.22% (+0.03).

5/1 ARM rates at 3.19% (+0.02).

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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