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 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 February 14, 2018

Mortgage rates for February 14, 2018 are waiting on this morning CPI data which may determine the direction of mortgage rates for the coming days and possibly weeks. As of this morning the 10y yield as at the 2.82% level and stocks are set to start the day with a positive gain. Today we have the MBA Refinance, MBA Purchase, Retail Sales, mortgage interest rateBusiness Inventories and perhaps the most important report – the Core CPI Monthly and Core CPI year/year reports. Thursday we have Core Producer Prices report (another very important reading for the bond market), Philly Fed and a 30y bond auction.  On Friday we Housing permits, Building permits and the 1yr and 5yr inflation outlook. 

Good new for bond markets is that oil continues to trade below $60 a barrel despite stocks rebounding from their previous selloff.  Also Bloomberg’s commodity index continues to trade at weaker levels which could help put a lid on short term inflation in the coming weeks/months (provided they stay at lower levels).

UPDATE ON CPI REPORT – CPI, both yearly and monthly, came in stronger than expected and bonds are selling off.  Currently the 10y yields is above 2.86%.

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 2.82% level and the FNMA 30y 3.5  coupon started off the day at the 99-97 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 12, 2018

Mortgage rates for February 12, 2018 will start the week at similar levels seen on Friday as the bond market continues to trade at elevated levels.  As of this morning the 10y yield as at the 2.87% level and stocks are set to start the day up nearly 1%. Bond markets are trying to work through the more than doubling of the deficit along with mortgage interest ratethe Fed’s desire to reduce it’s balance sheet in 2018 – 2019.  Today and Tuesday there are no major economic reports; Wednesday we have the MBA Refinance, MBA Purchase, Retail Sales, Business Inventories and perhaps the most important report – the Core CPI Monthly and Core CPI year/year reports. Thursday we have Core Producer Prices report (another very important reading for the bond market), Philly Fed and a 30y bond auction.  On Friday we Housing permits, Building permits and the 1yr and 5yr 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 4.125% 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 2.87% level and the FNMA 30y 3.5  coupon started off the day at the 99-80 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 9, 2018

Mortgage rates for February 9, 2018 should end the week at similar levels despite the significant declines in stocks we’ve seen this week.  Outside of a brief move down following Monday’s selloff; the bond market has not seen any improvements to yields this week.  As of this morning the 10y yield as at the 2.85% level and stocks were positive to mortgage interest ratestart the day. Normally you would see a “flight to safety” as stocks sell off however that is not currently happening.  It might if we see stocks continue to drop however at this point there is no “flight to safety” with traders.

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 99.95 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.