Archives for February 2018

Mortgage Rates February 28, 2018

Mortgage rates for February 28, 2018 should start the day at similar levels seen on Tuesday as the 10y yield started the day just above the 2.88% level.  This week we have numerous economic reports that may affect the bond market.  Today we have the GDP reading, Chicago PMI and Oil reports.  On Thursday we have PCE, Core PCE, mortgage interest rateISM Manufacturing and Construction Spending. On Friday we have ISM-New York University 1 year and 5 year inflation expectations. GDP and Chicago PMI came in below expectations.

Currently we’re seeing 30 year fixed mortgage rates below 4.625%, 20 year fixed mortgage rates below 4.50% and 15 year fixed rates below 4.125%.  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 4.25% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.125% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point).  As mentioned the 10y yield started off the day just above the 2.88% level and the FNMA 30y 3.5  coupon started off the day at the 99.73 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 February 26, 2018

Mortgage rates for February 26, 2018 should start the day at slightly better levels as the 10y yield started the day just below the 2.85% level.  This week we have numerous economic reports that may affect the bond market.  Starting with today we have New Home Sales, Tuesday we have Durable Goods and Consumer Confidence, Wednesday we mortgage interest ratehave the GDP reading, Chicago PMI and Oil reports.  On Thursday we have PCE, Core PCE, ISM Manufacturing and Construction Spending. On Friday we have ISM-New York University 1 year and 5 year inflation expectations.

Currently we’re seeing 30 year fixed mortgage rates below 4.625%, 20 year fixed mortgage rates below 4.50% and 15 year fixed rates below 4.125%.  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 4.25% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.125% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point).  As mentioned the 10y yield started off the day below the 2.85% level and the FNMA 30y 3.5  coupon started off the day at the 100-00 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 February 22, 2018

Mortgage rates for February 22, 2018 should start the day at elevated levels as the 10y yield pushes towards 2.96%. The 10y yield started the day just above the 2.92% level (late yesterday it was above 2.95%).  Yesterday the Fed released their minutes from the previous meeting and the “tone” of the minuted was a bit more hawkish so that mortgage interest ratepushed yields higher as bonds sold off.  Today we have weekly jobless claims and oil.  There are no major economic reports on Friday.  

Currently we’re seeing 30 year fixed mortgage rates below 4.625%, 20 year fixed mortgage rates below 4.50% and 15 year fixed rates below 4.125%.  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 4.25% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.125% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.92% level and the FNMA 30y 3.5  coupon started off the day at the 99-55 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 February 20, 2018

Mortgage rates for February 20, 2018 will start the day at similar levels seen last week. The 10y yield started the day just above the 2.91% level (currently the 10y yield as at the 2.89% level). There are no major economic reports today, Wednesday we have the MBA refinance and MBA purchase reports, and Existing home sales.  On Thursday we have mortgage interest rateweekly jobless claims and oil.  There are no major economic reports on Friday.

Currently we’re seeing 30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375% and 15 year fixed rates below 4.00%.  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 4.125% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.00% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.90% level and the FNMA 30y 3.5  coupon started off the day at the 99-67 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 February 16, 2018

Mortgage rates for February 16, 2018 will head into the weekend slightly better than yesterday as the 10y yield moves towards the 2.80% level.  As of this morning the 10y yield as at the 2.85% level after breaking above the 2.91% level earlier in the week. Today we have Housing permits, Building permits and the 1yr and 5yr inflation outlook. 

mortgage interest rate

Currently we’re seeing 30 year fixed mortgage rates below 4.50%, 20 year fixed mortgage rates below 4.375% and 15 year fixed rates below 4.00%.  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 4.125% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 4.00% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.85% level and the FNMA 30y 3.5  coupon started off the day at the 99-88 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.