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 May 1, 2018

Mortgage rates for May 1, 2018 are stable; trending slightly lower this week after a significant move up last week. The 10y yield opened the day at the 2.95% level as bond investors prepare for to FOMC announcement tomorrow. This morning we had ISM Manufacturing PMI which came in weaker than expected and was the second month in mortgage interest ratewhich it declined from the previous reading. Yesterday’s GDP reading of 2.3% was also a decline from the 2.5% growth in Q4 2017, and a further decline from the 3.2% GDP growth of Q3 2017. Later in the week we have ADP employment report, the FOMC rate decision, and the BLS Jobs Report. 

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 2.95% level and the FNMA 30y 3.5  coupon started off the day around the 99.07 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 23, 2018

Mortgage rates for April 23, 2018 are starting off the week higher as the 10y yield pushes to 3.00%. The 10y yield opened the day at the 3.00% level (a 4 year high). This week we have Existing Home Sales on Monday followed by New Home Sales and Consumer Confidence on Tuesday. On  Wednesday we have the weekly Mortgage mortgage interest rateRefinance index and Mortgage Purchase application index along with a 5y Note auction. Thursday we have Durable Goods and weekly Jobless Claims. On Friday we have GDP and the University of Michigan Inflation Outlook.

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 3.00% level and the FNMA 30y 3.5  coupon started off the day around the 99.08 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 16, 2018

Mortgage rates for April 16, 2018 are starting off the week as bond yields move higher. The 10y yield opened the day at the 2.86% level (almost a 4 week high) as fears of an escalation of tensions in Syria fade as do the possibility of an all out trade ware with China. This week we have NY Fed Manufacturing Index for April and Retail mortgage interest rateSales on Monday. On Tuesday we have Building Permits and Housing starts. On Wednesday we have the Mortgage Refinance Index, Mortgage Purchase Index and Oil. Thursday is the Philly Fed Index and on Friday there are no major economic 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 2.86% level and the FNMA 30y 3.5  coupon started off the day around the 99.66 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 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.