Mortgage Rates Poised to go lower as Economic Data Disappoints InvestorsMortgage rates are poised to head lower on weak economic news. 30 Year mortgage rates already near historic lows will be going lower this week on news of slower forecast growth in service industries and employment. ADP Employer Service’s tally of job growth in April was 179,000, not as high as the median forecast of 198,000. Another factor that will drive rates lower is the Institute for Supply Management said its gauge of non-manufacturing companies is at the lowest level in eight months. Weak economic forecast sent 10 year Treasury yields are down to 3.21% this morning and as a result will force mortgage rates lower. 30 year conforming mortgage rates today are averaging 4.70%. Today's 30 year jumbo mortgage rates are averaging 5.20%. I won't be surprised if we see 30 year jumbo rates hit 5.00% sometime this month. Lender
APR / Rate
Fees / Points
Payment
$7,035
Includes 0.760 points for $3,040
Lender Fees: $3,995
$3,060 /mo
$4,883
Includes 0.947 points for $3,788
Lender Fees: $1,095
$3,086 /mo
$3,684
Includes 0.921 points for $3,684
Lender Fees: $0
$3,112 /mo
$7,635
Includes 0.910 points for $3,640
Lender Fees: $3,995
$2,087 /mo
$3,520
Includes 0.880 points for $3,520
Lender Fees: $0
$3,138 /mo
$3,816
Includes 0.954 points for $3,816
Lender Fees: $0
$3,138 /mo
$5,404
Includes 0.851 points for $3,404
Lender Fees: $2,000
$3,138 /mo
$4,031
Includes 0.734 points for $2,936
Lender Fees: $1,095
$2,148 /mo
$2,840
Includes 0.710 points for $2,840
Lender Fees: $0
$3,162 /mo
$3,820
Includes 0.955 points for $3,820
Lender Fees: $0
$3,214 /mo
$6,035
Includes 0.510 points for $2,040
Lender Fees: $3,995
$2,272 /mo
$3,367
Includes 0.568 points for $2,272
Lender Fees: $1,095
$2,303 /mo
$3,936
Includes 0.984 points for $3,936
Lender Fees: $0
$2,303 /mo
$5,924
Includes 0.981 points for $3,924
Lender Fees: $2,000
$2,303 /mo
$3,448
Includes 0.862 points for $3,448
Lender Fees: $0
$2,335 /mo
$1,992
Includes 0.498 points for $1,992
Lender Fees: $0
$2,367 /mo
$2,208
Includes 0.552 points for $2,208
Lender Fees: $0
$2,367 /mo
Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
Conforming 15 year mortgage rates are now under 4.00%, the first time in a couple of months. Current 15 year mortgage rates are averaging 3.98%. 15 year jumbo mortgage rates are also lower today. Current 15 year jumbo rates are averaging 4.57%. Average mortgage rates are reported by MonitorBankRates.com. Explore Other Mortgage and Refinance Offers
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