Archives for August 2018

Mortgage Rates August 31, 2018

Mortgage rates for August 31st, 2018 are ending the week on a positive note as the 10y yield opened the day at the 2.84% level. The costs to obtain a new mortgage is slightly lower than earlier in the week. Earlier in the week the 10y yield was as high as 2.90%. The bond market and banks are closed on Monday. 

mortgage interest rateCurrently 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 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 4.00% (conforming, 1 point) and on the 15 year as low as 3.625% (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 101.75 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.

Mortgage Rates August 28, 2018

Mortgage rates for August 28th, 2018 are slightly higher in cost compared to last week. The 10y yield opened the day at the 2.84% level, closed at the 2.88% level as the bond market remains in a range between 2.80% – 3.00%. 

mortgage interest rateCurrently 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 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 4.00% (conforming, 1 point) and on the 15 year as low as 3.625% (conforming, 1 point).  As mentioned the 10y yield started off the day around the 2.84% level and the FNMA 30y 3.5 coupon started off the day around the 101.75 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.

Mortgage Rates August 22, 2018

As summer comes to and end we’ll resume a more frequent posting of what’s going on in the Mortgage Backed Securities market and mortgage rates for those looking to purchase a new home or refinance the current mortgage they have. As we move towards September things are starting to get interesting as the bond market, specifically the 10year, has rallied to it’s best levels this summer. Will it reverse course to push the 10y yield back to 3.00% or will we see a significant break below 2.80% on the 10y yield? Exciting times!

I hope everyone had a great summer!