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.