Archives for September 2017

Mortgage Rates September 29, 2017

Mortgage rates for September 29, 2017 are similar to mortgage rates seen on Thursday as we head into the weekend.  As of this morning there is limited selling in the bond market and we should see 30 year fixed mortgage rates below 4.00%, 15 year fixed rates below 3.25% and 7/1 ARM rates below 3.375% (conforming, zero points) to start the day mortgage interest rate(the cost to obtain these mortgage rates should be similar to Thursday).  Yesterday we had the GDP report and weekly jobless claims (both came in higher than expected) along with a 7 year auction.  Today we had PCE, Core PCE, Chicago PMI and the University of Michigan Inflation reading.  Next week we have ISM Manufacturing, ADP Employment and the BLS Employment report (among others).

Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 3.75% on the 30 year fixed rate loan program (conforming, zero points) and on the 15 year as low as 3.00% (conforming, zero points).  The 10y yield started off the day at the 2.31% level and the FNMA 30y 3.5  coupon started off the day at the 103.20 level.

If you are looking to refinance your mortgage or purchase a new home please be sure to give us to call at 1-800-550-5538 for a no cost and no obligation quote.

September 28, 2017

Mortgage rates for September 28, 2017 are worse today as the 10y yield moved about the 2.30% level earlier this morning.  Because of this move, in combined with the recent selling in the bond market over the last 7-10 days we’re now seeing 30 year fixed mortgage rates below 4.00%, 15 year fixed rates below 3.25% and 7/1 ARM rates below 3.375% (conforming, zero points) – the cost to obtain these mortgage rates are higher mortgage interest ratetoday due to the bond market selloff.  Yesterday we had the MBA Mortgage Index, MBA Purchase Index, MBA Refinance Index, Pending Home Sales and Durable Goods.  And today we had the GDP report and weekly jobless claims (both came in higher than expected).  There was also a 7 year auction.

Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 3.75% on the 30 year fixed rate loan program (conforming, zero points) and on the 15 year as low as 3.00% (conforming, zero points).  The 10y yield started off the day at the 2.33% level before moving above 2.34% yield later this morning.  The FNMA 30y 3.5  coupon started off the day at the 103.00 level however it reversed course and move up to the 103.04 level.  Why the continued selloff? Hard to say; bond traders are cautious and when the selling starts it sometimes continues for no apparent reason other than the cautious nature of bond investors.  California mortgage rates are above their 2017 lows however still very attractive considering that they were near 4.50% earlier this year.

If you are looking to refinance your mortgage or purchase a new home please be sure to give us to call at 1-800-550-5538 for a no cost and no obligation quote.

Mortgage Rates September 27, 2017

Mortgage rates for September 27, 2017 are worse today as the 10y yield hits the 2.30% level earlier this morning.  As of this morning we’re seeing 30 year fixed mortgage rates below 3.875%, 15 year fixed rates below 3.125% and 7/1 ARM rates below 3.375% (conforming, zero points) – however the cost to obtain these mortgage rates are higher today due to the bond market selloff.  Yesterday we had the Case Schiller, New Home Sales and Consumer Confidence reports and mortgage interest ratetoday we had the MBA Mortgage Index, MBA Purchase Index, MBA Refinance Index, Pending Home Sales and Durable Goods.  Tomorrow’s economic reports include the GDP report and weekly jobless claims.

Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 3.625% on the 30 year fixed rate loan program (conforming, zero points) and on the 15 year as low as 2.875% (conforming, zero points).  The 10y yield started off the day at the 2.30% level and the FNMA 30y 3.5  coupon started off the day at the 103.19 level and has since moved lower.  Why the selloff? Various opinions out there and the major suspects are Janet Yellen’s speech yesterday and the release of Trump’s tax proposals (which many fear will add a significant amount of debt to our already large debt load).  Mortgage rates are under a lot of pressure today and lenders are being very cautious.

Are you considering a refinance of your current mortgage or are you looking to purchase a new home?  Please be sure to give us a call at 1-800-550-5538 for a no cost – no obligation quote.  We offer industry low mortgage rates and top notch customer service.

Mortgage Rates September 26, 2017

Mortgage rates for September 26, 2017 are starting the week at similar levels seen yesterday.  As of this morning we’re seeing 30 year fixed mortgage rates below 3.875%, 15 year fixed rates below 3.125% and 7/1 ARM rates below 3.375% (conforming, zero points) – the cost to obtain these mortgage rates will be similar compared to Monday. mortgage interest rateYesterday we had no major economic data and today we have Case Schiller, New Home Sales and Consumer Confidence.  Tomorrow will have the MBA Mortgage Index, MBA Purchase Index, MBA Refinance Index, Pending Home Sales and Durable Goods.

Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 3.625% on the 30 year fixed rate loan program (conforming, zero points) and on the 15 year as low as 2.875% (conforming, zero points).  The 10y yield started off the day at the 2.21% level and the FNMA 30y 3.5  coupon started off the day at the 103.18 level.  California mortgage rates remain at some of the levels of the year as we had into the fall.

If you are looking to refinance our purchase a new home please be sure to give us a call at 1-800-550-5538.  We offer industry low mortgage rates and top notch customer service.  We have a top rating with the Better Business Bureau and the Business Consumers Alliance along with online review sites such as Mortgage101 dot com.

Mortgage Rates September 25, 2017

Mortgage rates for September 25, 2017 are starting the week at similar levels seen on Friday.  As of this morning we’re seeing 30 year fixed mortgage rates below 3.875%, 15 year fixed rates below 3.125% and 7/1 ARM rates below 3.375% (conforming, zero points) – the cost to obtain these mortgage rates will be similar compared to Friday. Today mortgage interest ratewe had no major economic data however we did have some comments out of North Korea that pushed bond yields lower in later morning trading.  Tomorrow we have Case Schiller, New Home Sales and Consumer Confidence.

Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 3.625% on the 30 year fixed rate loan program (conforming, zero points) and on the 15 year as low as 2.875% (conforming, zero points).  The 10y yield started off the day at the 2.25% level and by late morning moved down to the 2.21% level after North Korea claimed recent comments from Trump were a “declaration of war”.  FNMA 30y 3.5 started off the day at the 103.18 level and after the North Korean comments pushed nearly to 103.40.

Are you looking to buy a new home or refinance a current mortgage?  Please be sure to give us a call at 1-800-550-5538 for a no cost – no obligation quote.