Mortgage Rates February 20, 2018

Mortgage rates for February 20, 2018 will start the day at similar levels seen last week. The 10y yield started the day just above the 2.91% level (currently the 10y yield as at the 2.89% level). There are no major economic reports today, Wednesday we have the MBA refinance and MBA purchase reports, and Existing home sales.  On Thursday we have mortgage interest rateweekly jobless claims and oil.  There are no major economic reports on Friday.

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 4.125% 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 3.50% (conforming, 1 point).  As mentioned the 10y yield started off the day at the 2.90% level and the FNMA 30y 3.5  coupon started off the day at the 99-67 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.