Mortgage Rates April 12, 2018

Mortgage rates for April 12, 2018 are set to start near recent lows as the market remains somewhat range bound. mortgage interest rateThe 10y yield opened the day at the 2.79% level. The all important CPI report came in at expectations yesterday.

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 4.00% on the 30 year fixed rate loan program (conforming, 1.25 points), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 points).  As mentioned the 10y yield started off the day around the 2.79% level and the FNMA 30y 3.5  coupon started off the day around 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 April 4, 2018

Mortgage rates for April 4, 2018 are set to start the day at similar levels seen earlier in the week. The 10y yield opened the day at the 2.75% level.  Today we have the ADP employment report, MBA Purchase, MBA Refinance, Durable Goods and Oil.  As we move towards the end of the week we have the weekly unemployment claims on mortgage interest rateThursday and on Friday we have the month jobs and wages reports.

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 4.00% on the 30 year fixed rate loan program (conforming, 1.25 points), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 points).  As mentioned the 10y yield started off the day around the 2.75% level and the FNMA 30y 3.5  coupon started off the day at the 100.14 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 January 24, 2018

Mortgage rates for January 24, 2018 should start off the day at similar levels seen seen earlier in the week as the bond market struggles against a wave of selling pressure.  Like earlier in the week the 10y yield continues to trade above the 2.60% level (at the bond market open the 10y yield was at the 2.66% level). This morning we have the mortgage interest rateMBA mortgage purchase applications, MBA mortgage refinance applications, Home prices, Home sales, Oil and a 5yr auction.  On Thursday we have weekly unemployment claims, new home sales, and a 7yr auction.  On Friday we have the advance GDP report, Durable Goods and non-defense reports.  As reported earlier in the week; the government shutdown is over….for now.

Currently we’re seeing 30 year fixed mortgage rates below 4.375%, 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 4.00% 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, 1.25 points).  As mentioned the 10y yield started off the day at the 2.65% level and the FNMA 30y 3.5  coupon started off the day at the 101.32 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 10, 2018

Mortgage rates for January 10, 2018 are higher than rates seen on Monday as the 10y yield approaches 2.60%.  The 10y yield opened the morning trading session around the 2.58% level and bond investors are looking to see if it can stay below the 2.60% – 2.62% level.  A pop to that or above that level would not be too concerning however if there is mortgage interest ratea significant move above that without a reversal then bond yields could face a significant amount of selling.  Later today we have the weekly MBA Purchase, MBA Refinance, Export Prices, Import Prices, and Oil reports along with 10-year Note auction.  On Thursday we have the Core Producers Price report, weekly Jobless Claims, 30-year bond Auction and on Friday we have Retail Sales, and the Core CPI reports.

Export and import prices came in lower than expected and the MBA Purchase/MBA Refinance reports came in above expectations.  Currently we’re seeing 30 year fixed mortgage rates below 4.125%, 20 year fixed mortgage rates below 4.00% and 15 year fixed rates below 3.625%.  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 3.75% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.625% (conforming, 1 point) and on the 15 year as low as 3.125% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.58% level and the FNMA 30y 3.5  coupon started off the day at the 101.70 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.