Mortgage Rates April 2, 2018

Mortgage rates for April 2, 2018 are at similar levels seen before the three day weekend as the 10y yield opens the week at the 2.75% level.  Today we have we have the ISM Manufacturing PMI and Construction Spending reports.  On Tuesday we have Car and Truck sales reports along with ISM-New York Index for February and mortgage interest rateMarch.  Wednesdays reports include 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 Thursday 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 point), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 point).  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 100.05 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.