Mortgage Rates August 31, 2018

Mortgage rates for August 31st, 2018 are ending the week on a positive note as the 10y yield opened the day at the 2.84% level. The costs to obtain a new mortgage is slightly lower than earlier in the week. Earlier in the week the 10y yield was as high as 2.90%. The bond market and banks are closed on Monday. 

mortgage interest rateCurrently 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 3.875%.  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 3.625% (conforming, 1 point).  As mentioned the 10y yield started off the day around the 2.84% level and the FNMA 30y 4.0 coupon started off the day around the 101.75 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.