Mortgage Rates May 7, 2018

Mortgage rates for May 7, 2018 are starting off the week at similar levels seen last week. The 10y yield opened the day at the 2.94% level after last week’s FOMC decision not to raise interest rates (investors still think they will raise rates 2-3 times this year). This morning we had the Employment trends report which was slightly stronger than mortgage interest rateexpectations. Tuesday there is a 3 year Note auction. On Wednesday we have MBA Purchase and MBA Refinance data along with Core Producer Prices data. Later in the day there is an important 10 year Note auction as well. On Thursday we have the all important Core CPI reading, a 30 year bond auction and the finish the week on Friday we have Import and Export prices along with Inflation Expectations.

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 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 4.25% 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 2.94% 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.

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.

Mortgage Rates January 15, 2018

Markets and banks are closed today in remembrance of Martin Luther King, Jr.

Mortgage Rates January 5, 2018

Mortgage rates for January 5, 2018 are starting off at similar levels seen towards the end of 2017.  Just after the holidays tens to be a slower time for both refinance and purchase loans however that may not be the case this year.  This morning we had the jobs numbers and they came in below expectations (the number of jobs created) while the mortgage interest ratewage number, hours worked and the unemployment number were generally inline with expectations.  The 10y yield opened the morning trading session at the 2.46% level and has fluctuated between 2.42% – 2.48%.

Currently we’re seeing 30 year fixed mortgage rates remain below 4.00%, 20 year fixed mortgage rates below 3.87% and 15 year fixed rates below 3.50%.  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 3.625% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.50% (conforming, 1 point) and on the 15 year as low as 3.00% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.46% level and the FNMA 30y 3.5  coupon started off the day at the 102.56 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 For December 15, 2017

Mortgage rates for December 15, 2017 will end the week flat as the 10y yield opened the morning trading session at the 2.36% level.  Going back to mid-October we’ve seen a range in the 10y yield of 2.31% on the low side to 2.45% on mortgage interest ratethe high side.  The longer this goes on the stronger the ceiling or base will be for a longer term move in the 10y yield.  Today we have we have no major economic readings.

Currently we’re seeing 30 year fixed mortgage rates remain below 4.00%, 15 year fixed rates below 3.25% and 7/1 ARM rates below 3.375% (conforming, zero points) to start the day (the cost to obtain these mortgage rates will be similar to last week).  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 3.625% on the 30 year fixed rate loan program (conforming, 1 point) and on the 15 year as low as 3.00% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.36% level and the FNMA 30y 3.5  coupon started off the day at the 102.21 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.