Mortgage Rates December 13, 2017

Mortgage rates for December 13, 2017 will be similar to terms seen earlier in the week as the 10y yield opened the morning trading session at the 2.42% level however it quickly reversed and moved back down to the 2.37% after the CPI reading came out.  Today we have the MBA mortgage data, CPI and Core CPI along with FOMC rate decision this mortgage interest rateafternoon; Thursday we have Retail sales data along with import prices and on Friday we have no major economic readings.

The Core CPI monthly and the Core CPI yearly readings came in lower than expected and that helped push bond yields back below 2.40% this morning.  As mentioned later today we have the FOMC rate decision; everyone is expecting the Fed to raise their interest rates. 

Currently we’re seeing 30 year fixed mortgage rates remain below 4.00%, 15 year fixed rates below 3.25% and 7/1 ARM rates below 3.375% (conforming, zero points) to start the day (the cost to obtain these mortgage rates will be similar to last week).  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 3.625% on the 30 year fixed rate loan program (conforming, 1 point) and on the 15 year as low as 3.00% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.37% level and the FNMA 30y 3.5  coupon started off the day at the 102.51 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.