Archives for December 2017

Mortgage Rates December 21, 2017

Mortgage rates for December 21, 2017 are higher as we enter the final legs of the holiday season.  Typically rates are higher between now and Jan 2nd as operations slow and bond traders go on vacation.  With the passage of the tax reform bill we should now see bond markets trade more closely with econ data rather than a mix of econ data and mortgage interest ratewhat the tax reform bill will look like.  The 10y yield opened the morning trading session at the 2.48% level and will most likely remain at these levels until early next year (unless something big happens).  Today we had the GDP along with the Philly Fed Index and on Friday we have Core PCE, Durable Goods, New Home Sales, Consumer Spending and Personal Income.  The bond market is closed Friday and most lenders are at a half day due to the Christmas holiday. 

Currently we’re seeing 30 year fixed mortgage rates remain below 4.00%, 15 year fixed rates below 3.50% and 7/1 ARM rates are currently elevated at levels that make them less attractive (the cost to obtain these mortgage rates will be similar to last week).  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, 1 point) and on the 15 year as low as 3.125% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.48% level and the FNMA 30y 3.5  coupon started off the day at the 102.06 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.

Mortgage Rates December 18, 2017

Mortgage rates for December 18, 2017 are starting the week at similar levels seen on Friday. The 10y yield opened the morning trading session at the 2.38% level and has since moved back down to the 2.36% level.  As mentioned last week, “Going back to mid-October we’ve seen a range in the 10y yield of 2.31% on the low side to 2.45% on the high mortgage interest rateside” and this most likely will continue until the tax bill is approved or defeated in the Senate.  Furthermore “The longer this goes on the stronger the ceiling or base will be for a longer term move in the 10y yield.”  Today we have the NAHB housing index, Tuesday we have Building Permits and Housing Starts, Wednesday we have MBA purchase, MBA Refinance and Existing Home sales, Thursday we have GDP along with the Philly Fed Index and on Friday we have Core PCE, Durable Goods, New Home Sales, Consumer Spending and Personal Income.  The bond market is closed Friday and most lenders are at a half day due to the Christmas holiday. 

Currently we’re seeing 30 year fixed mortgage rates remain 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 (the cost to obtain these mortgage rates will be similar to last week).  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, 1 point) and on the 15 year as low as 3.00% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.38% level and the FNMA 30y 3.5  coupon started off the day at the 102.73 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.

Mortgage Rates For December 15, 2017

Mortgage rates for December 15, 2017 will end the week flat as the 10y yield opened the morning trading session at the 2.36% level.  Going back to mid-October we’ve seen a range in the 10y yield of 2.31% on the low side to 2.45% on mortgage interest ratethe high side.  The longer this goes on the stronger the ceiling or base will be for a longer term move in the 10y yield.  Today we have we have no major economic readings.

Currently we’re seeing 30 year fixed mortgage rates remain 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 (the cost to obtain these mortgage rates will be similar to last week).  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, 1 point) and on the 15 year as low as 3.00% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.36% level and the FNMA 30y 3.5  coupon started off the day at the 102.21 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.

Mortgage Rates December 13, 2017

Mortgage rates for December 13, 2017 will be similar to terms seen earlier in the week as the 10y yield opened the morning trading session at the 2.42% level however it quickly reversed and moved back down to the 2.37% after the CPI reading came out.  Today we have the MBA mortgage data, CPI and Core CPI along with FOMC rate decision this mortgage interest rateafternoon; Thursday we have Retail sales data along with import prices and on Friday we have no major economic readings.

The Core CPI monthly and the Core CPI yearly readings came in lower than expected and that helped push bond yields back below 2.40% this morning.  As mentioned later today we have the FOMC rate decision; everyone is expecting the Fed to raise their interest rates. 

Currently we’re seeing 30 year fixed mortgage rates remain 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 (the cost to obtain these mortgage rates will be similar to last week).  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, 1 point) and on the 15 year as low as 3.00% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.37% level and the FNMA 30y 3.5  coupon started off the day at the 102.51 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.

Mortgage Rates For December 11, 2017

Mortgage rates for December 11, 2017 will start the week off at similar levels seen in late November.  The 10y yield opened the morning trading session at the 2.37% level as mortgage bonds start the week flat/too slightly worse levels.  Today we have the 10 year note auction, tomorrow we have the Core Producers Prices index along with the mortgage interest rate30 year bond auction; Wednesday we have the MBA mortgage data, CPI and Core CPI; Thursday we have Retail sales data along with import prices and on Friday we have no major economic readings.

Currently we’re seeing 30 year fixed mortgage rates remain 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 (the cost to obtain these mortgage rates will be similar to last week).  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, 1 point) and on the 15 year as low as 3.00% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.37% level and the FNMA 30y 3.5  coupon started off the day at the 102.75 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.