Archives for January 2018

Mortgage Rates January 31, 2018

Mortgage rates for January 31, 2018 are starting off the day at slightly better levels then earlier in the week as the 10y yield tries to push back below the 2.70% level. Today we have the MBA mortgage purchase, MBA mortgage refinance, ADP employment, Employment wages, Chicago PMI, oil and the FOMC rate decision (some expecting mortgage interest ratethem to raise rates by 0.25%). Thursday we have weekly jobless claims,  ISM and Construction spending and on Friday we have the BLS employment report, wages and Factory orders.

The ADP report came in higher than expectations (185k vs. 234k) as well as Chicago PMI (64.1 vs. 65.7) however employment costs, wages and benefits all declined from the prior reading.  Currently we’re seeing 30 year fixed mortgage rates below 4.375%, 20 year fixed mortgage rates below 4.25% and 15 year fixed rates below 3.875%.  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 4.00% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.70% level and the FNMA 30y 3.5  coupon started off the day at the 100.97 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 January 29, 2018

Mortgage rates for January 29, 2018 are starting off the day at higher levels due to the the 10y yield moving past the 2.70%.  At the open; the 10y yield 2.72% as comments out of the European Central Bank (ECB) sent bond yields in Europe higher.  Bonds have generally been trending higher since mid-December, and prior to that they moved mortgage interest ratehigher from November 2016 – late summer/early fall 2017.  While equities have moved higher during this time; bonds have been under almost constant pressure as investors worry a bond bear market has begun (which has not been seen for decades).  However the market could move the 10y yield to 3% and the long term trend (bull market) would still be intact.  This week we have PCE, Core PCE and personal income on Monday; Tuesday we have CaseShiller index along with Consumer Confidence; on Wednesday we have MBA mortgage purchase, MBA mortgage refinance, ADP employment, Employment wages, Chicago PMI, oil and the FOMC rate decision (some expecting them to raise rates by 0.25%). Thursday we have weekly jobless claims,  ISM and Construction spending and on Friday we have the BLS employment report, wages and Factory orders.

Currently we’re seeing 30 year fixed mortgage rates below 4.375%, 20 year fixed mortgage rates below 4.25% and 15 year fixed rates below 3.875%.  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 4.00% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.72% level and the FNMA 30y 3.5  coupon started off the day at the 101.00 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 January 26, 2018

Mortgage rates for January 26, 2018 should start off the day at similar levels seen seen yesterday as the bond is set to end the week flat (when compared to Monday).  The 10y yield continues to trade above the 2.60% level (at the bond market open the 10y yield was at the 2.63% level and has since moved up to 2.65%). This morning we have the mortgage interest rateadvance GDP report, Durable Goods and non-defense reports. 

Currently we’re seeing 30 year fixed mortgage rates below 4.375%, 20 year fixed mortgage rates below 4.25% and 15 year fixed rates below 3.875%.  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 4.00% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.63% level and the FNMA 30y 3.5  coupon started off the day at the 101.14level.

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.

Have a great weekend!

Mortgage Rates January 24, 2018

Mortgage rates for January 24, 2018 should start off the day at similar levels seen seen earlier in the week as the bond market struggles against a wave of selling pressure.  Like earlier in the week the 10y yield continues to trade above the 2.60% level (at the bond market open the 10y yield was at the 2.66% level). This morning we have the mortgage interest rateMBA mortgage purchase applications, MBA mortgage refinance applications, Home prices, Home sales, Oil and a 5yr auction.  On Thursday we have weekly unemployment claims, new home sales, and a 7yr auction.  On Friday we have the advance GDP report, Durable Goods and non-defense reports.  As reported earlier in the week; the government shutdown is over….for now.

Currently we’re seeing 30 year fixed mortgage rates below 4.375%, 20 year fixed mortgage rates below 4.25% and 15 year fixed rates below 3.875%.  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 4.00% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.65% level and the FNMA 30y 3.5  coupon started off the day at the 101.32 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 January 22, 2018

Mortgage rates for January 22, 2018 should start off the day at similar levels seen on Friday as the 10y yield continues to trade above the 2.60% level.  At the open the 10y yield was at the 2.65% level. This morning and on Tuesday we do not have any significant economic reports coming out; Wednesday we have the MBA mortgage mortgage interest ratepurchase applications, MBA mortgage refinance applications, Home prices, Home sales, Oil and a 5yr auction.  On Thursday we have weekly unemployment claims, new home sales, and a 7yr auction.  On Friday we have the advance GDP report, Durable Goods and non-defense reports.  However the big news story of the week will be the government shutdown; now entering it’s third day.

Currently we’re seeing 30 year fixed mortgage rates below 4.25%, 20 year fixed mortgage rates below 4.125% and 15 year fixed rates below 3.75%.  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 3.875% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.75% (conforming, 1 point) and on the 15 year as low as 3.25% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.64% level and the FNMA 30y 3.5  coupon started off the day at the 101.33 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.