Archives for July 2018

Mortgage Rates July 18, 2018

Mortgage rates for July 18th, 2018 are stable however slightly higher in cost compared to earlier in the week. The 10y yield opened the day at the 2.84% level as the bond market remains in a range between 2.80% – 2.98%. This morning we had the MBA Purchase and Refinance index report, Average Mortgage Rates report, Building Permits mortgage interest rateand Housing Starts report. Overall the the mortgage market has declined in volume compared to last week while 30 year fixed mortgage rates remain in the high 4% range.

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 2.84% level and the FNMA 30y 4.0 coupon started off the day around the 101.94 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.