Archives for June 2018

Mortgage Rates June 4, 2018

Mortgage rates for June 4, 2018 are starting off the week at similar levels seen last week when bonds moved to their best levels in months. The 10y yield opened the day at the 2.91% level as we see a continued sell off from the May 29th low hit last week. This morning we had the ISM-New York report which came in stronger than mortgage interest rateexpected. Later in the day we have a Durable Goods report and a Factory Orders report as well. Tomorrow we have the ISM Non-Manufacturing PMI report, Wednesday we have Mortgage Market, Refinance and Purchase reports along with Productivity, Labor Costs and Oil. On Thursday we have weekly Jobless Claims and Consumer Credit. To end the week on Friday we have Wholesale Sales and Inventories.

Currently we’re seeing 30 year fixed mortgage rates BELOW 4.50%, 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 4.125% 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 point).  As mentioned the 10y yield started off the day around the 2.91% level and the FNMA 30y 3.5  coupon started off the day around the 99.11 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.