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.